套利型创业、创新型创业与中国经济增长——基于市场化协同效应的实证研究

Arbitrage Entrepreneurship,Innovative Entrepreneurship and China's Economic Growth:an Empirical Study based on the Synergistic Effect of Marketization

在探讨套利型创业和创新型创业对经济增长效应机理差别的基础上,运用扩展的柯布-道格拉斯生产函数,结合2002-2014年中国省际面板数据,实证考察市场化进程中创业类型对中国经济增长的影响及其阶段性差异。结果表明,在不考虑协同效应的情况下套利型创业尤其是技术套利型创业对我国经济增长有显著促进作用,创新型创业的影响则不显著。但在市场化协同作用下,创新型创业经济增长效应的显著性和影响系数均大幅提高,套利型创业对经济增长的促进作用则显著下降。同时,门限回归检验发现,创业类型与市场化协同效应对经济增长的影响存在显著阶段性差异。

Based on the different mechanisms in influencing Economic Growth between the Arbitrage and Innovative Entrepreneurship,and combined the inter-provincial panel data from 2002 to 2014,this paper employed the extended Cobb-Douglas production function to study the stage differences and the influence of Entrepreneurship type on Chinese economic growth.The results demonstrated that arbitrage-based entrepreneurship,especially technical arbitrage-based business,has a significant effect on Chinese economic growth when ignore the synergistic effect;while no significant impact of innovative entrepreneurship has been found.However,taking the synergistic effect of marketization into consideration,the significance and influence coefficient of innovative entrepreneurship on Chinese economic growth involved a substantially growth.While the promoting effect of arbitrage entrepreneurship on economic growth decrease significantly.Meanwhile,according to the threshold regression test,stage differences exist between the impacts of entrepreneurial type and market synergistic effect on economic growth.