Zheng, Jianghuai and Hu, Zhining and Wang, Jialing (2008): Entrepreneurship, Innovation and Economic Growth:The Case of Yangtze River Delta in China.
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This paper firstly discusses why the economic growth in the Yangtze River Delta has been slowed down recently and suggests a need totransform the current input-based economic growth pattern into aninnovation-based one. Next, through our theoretical analysis, we find that the change of current economic growth pattern is just the innovative reallocationof production factors, and the new economic growth driven by innovation is mainly initiated by the transmutation of entrepreneurship. Finally, we test our belief with real-world evidence. It shows that the Delta has formed a mechanism in which entrepreneurship and human capital mutually promote each other. However, the interactive relationship between R&D expenditure and entrepreneurship has not been developed in general. In addition, excessive government interventions will do harm to the growth of entrepreneurs and economic development.
|Item Type:||MPRA Paper|
|Original Title:||Entrepreneurship, Innovation and Economic Growth:The Case of Yangtze River Delta in China|
|Keywords:||entrepreneurship, innovation and economic growth pattern|
|Subjects:||O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives|
|Depositing User:||Jianghuai Zheng|
|Date Deposited:||01. Jun 2008 04:21|
|Last Modified:||12. Feb 2013 19:11|
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