转型期的企业家精神、地方政府与中国经济增长--基于三期滞后动态增长模型的SYS-GMM分析

SYS-GMM Analysis of the Entrepreneurship,Local Governments and Economic Growth in the Transition Period of China Based on the Three-Phase Dynamic Economic Growth Model

中国特色社会主义市场经济中的企业家精神是至关重要的,但在肯定企业家作用的同时也需要正确看待政府的作用。本文依据中国转型期现实,扩展了动态经济增长模型,运用SYS-GMM估计方法对中国1995年-2016年29个省级单位的数据进行了实证分析。研究发现:基于创业和创新的企业家精神对中国经济增长具有显著的因果效应,且创新效应高于创业效应;政府作用在创业和创新上呈现出异质化特征,其总体效应相对模糊;进一步构建有利于企业家回归主体地位的制度环境和精准发挥政府作用的治理机制是中国经济转型的关键所在。

Entrepreneurship plays an important role in the socialist market economy with Chinese characteristics.However,the role of governments should be correctly considered as well.This article analyses the economic data of 29 provincial units of China between 1995 and 2016 using the SYS-GMM methods and finds that innovative entrepreneurship has an outstanding effect on China’s economic growth,and the effect of innovations is higher than the effect of entrepreneurship;and the effect of government in the innovative entrepreneurship is dissimilative and vague.This article suggests that the construction of the systems that promote the subjective status of entrepreneurs and the governance mechanism in which governments play a role is critical for the transition of China’s economy.