Proceedings of the 2018 3rd International Conference on Communications, Information Management and Network Security (CIMNS 2018)

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Business Creation, Innovation, and Regional Development: Evidence from China’s Thirty-Year Economic Transition

Authors
Shiyong Zhao, Anyang Chen, Chongxian Liu, Shifeng Zhao
Corresponding Author
Shiyong Zhao
Available Online November 2018.
DOI
10.2991/cimns-18.2018.45How to use a DOI?
Keywords
business creation; China; economic growth; entrepreneurship; innovation
Abstract

Using a panel of China’s 31 provinces over 1978-2008, we examine the effects of entrepreneurship on economic growth in the context of China’s transformation from a centrally planned to a market-oriented economy. We divide entrepreneurship into two types: one is business creation and the other is innovation. Our GMM estimation results show that both types of entrepreneurship have significantly positive effects on growth rate of China’s GDP per capita over the sample period. Specifically, annual growth rate will increase by 0.8-1.4 percentage points if business creation entrepreneurship (measured by non-public employment share in total urban employment) increases by 10 percentage points. And annual growth rate will increase by 0.12-0.16 percentage points if innovation entrepreneurship (measured by number of patents granted) increases by 10 percent. Our results are robust even when we control for different sets of demographical and institutional variables. China’s experience shows that an authoritarian political regime does not conflict with entrepreneurs’ role.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2018 3rd International Conference on Communications, Information Management and Network Security (CIMNS 2018)
Series
Advances in Computer Science Research
Publication Date
November 2018
ISBN
978-94-6252-620-4
ISSN
2352-538X
DOI
10.2991/cimns-18.2018.45How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Shiyong Zhao
AU  - Anyang Chen
AU  - Chongxian Liu
AU  - Shifeng Zhao
PY  - 2018/11
DA  - 2018/11
TI  - Business Creation, Innovation, and Regional Development: Evidence from China’s Thirty-Year Economic Transition
BT  - Proceedings of the 2018 3rd International Conference on Communications, Information Management and Network Security (CIMNS 2018)
PB  - Atlantis Press
SP  - 199
EP  - 202
SN  - 2352-538X
UR  - https://doi.org/10.2991/cimns-18.2018.45
DO  - 10.2991/cimns-18.2018.45
ID  - Zhao2018/11
ER  -