人力资本向企业家才能转换的市场环境门槛效应

Threshold Effect of Market Environment in the Conversion of Entrepreneurship from Human Capital

通过教育提高人力资本的丰裕程度是培育企业家才能的一般性经验,但人力资本丰裕的国家是否能孕育更多的企业家?本文通过83个经济体2000—2011年跨国面板数据实证发现,人力资本能否转换为企业家才能受到多维度市场环境的制约。只有当产品市场开放度、投资自由度和法制环境高于门槛值时,人力资本才能向企业家才能转换,人力资本向企业家才能转换的效应随着劳动力自由流动程度的提高而强化。

It is a common practice to foster entrepreneurship by improving human capital through education.But can a country with abundant human capital nurture more entrepreneurs?Using the panel data of 83 economies between 2000 and 2011,this paper finds that abundant human capital endowments are in favour of entrepreneurship,but constrained by the multi dimensional market environment.Only when product market openness,investment freedom and legal environment reach the threshold value can the human capital be converted to entrepreneurship,and the conversion effect of human capital to entrepreneurs will be strengthened with increasing workforce flow.