创业对经济增长的影响

The Effect of Entrepreneurship on Economic Growth

本文利用中国1998—2013年省级面板数据,将创业引入新古典增长回归方程,对创业影响经济增长的效果进行了实证研究。结果显示创业对经济增长有显著的正效应。然而,进一步的工具变量估计和稳健性分析表明这种正效应虽然是因果性的,即创业率的增加促进了经济增长,但与资本积累对经济增长的推动作用相比,创业对经济增长的促进效果还非常有限。要使创业成为未来经济增长的不竭动力,需要政府在鼓励和支持大众创业的同时积极引导创业与资本积累紧密结合,以充分发挥二者对经济增长的协同带动效应。

This paper, employing provincial panel data during the period of 1998--2013 in China, examines theinfluence of entrepreneurship on economic growth by introducing the entrepreneurship variable. The estimated result showsthat entrepreneurship has significantly positive effect on economic growth. However, further instrumental variablesestimation and robustness analysis reveal that, although the positive effect is causal, that above is, increase ofentreprenenrship rate promotes economic growth, comparing to the driving effect on economic growth of capitalaccumulation, the impact of entrepreneurship on economic growth is still relatively limited. To make the entrepreneurshipan inexhaustible source of the future economic growth, the governments need to both encourage mass entrepreneurship andguide the tight combination of entrepreneurship and capital accumulation in order to fully develop their cooperative effecton economicgrowth