IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v135y2018icp83-90.html
   My bibliography  Save this article

Assessing relationship and contribution of China's technological entrepreneurship to socio-economic development

Author

Listed:
  • Shan, Siqing
  • Jia, Yingwei
  • Zheng, Xianrong
  • Xu, Xiaobo

Abstract

As a driver of global economic growth, the development of emerging economies has been a highly significant trend over the past decade. China has adopted technological entrepreneurship as a national strategy for future economic development. In this paper, we applied a statistical description, contribution rate, gray absolute correlation, and elastic coefficient analysis to assess contributions of technological entrepreneurship to national development. We found that: (1) The number of technology enterprises has been growing and their contributions to the country's output value, exports, employment, and tax are increasing; (2) From 2010 to 2014, the industrial output value of technological entrepreneurship accounted for 41.49% of the average GDP growth. There is a high correlation between technological entrepreneurship and economic growth with a gray correlation coefficient of 0.8296. (3) Technological entrepreneurship has made a significant contribution to the promotion of technological progress and foreign trade. Invention patents created by entrepreneurs accounted for approximately 71% of domestic invention patents. The total export value of high-tech products accounted for approximately 22.6%. (4) Technological entrepreneurship didn't have a clear impact on employment with an employment elasticity of only 2.79%. (5) The contribution rate of technological entrepreneurship to state tax revenue was approximately 8.49%. We considered the paper as the first endeavor to study technological entrepreneurship in China from macro perspectives which have both theoretical value and practical significance for socio-economic development.

Suggested Citation

  • Shan, Siqing & Jia, Yingwei & Zheng, Xianrong & Xu, Xiaobo, 2018. "Assessing relationship and contribution of China's technological entrepreneurship to socio-economic development," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 83-90.
    • Handle: RePEc:eee:tefoso:v:135:y:2018:i:c:p:83-90
    DOI: 10.1016/j.techfore.2017.12.022
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162518300106
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2017.12.022?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Greeven, M.J., 2004. "The evolution of high-technology in China after 1978: Towards technological entrepreneurship," ERIM Report Series Research in Management ERS-2004-092-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    2. Phan, Phillip H. & Foo, Maw Der, 2004. "Technological entrepreneurship in emerging regions," Journal of Business Venturing, Elsevier, vol. 19(1), pages 1-5, January.
    3. Mike Wright & Sue Birley & Simon Mosey, 2004. "Entrepreneurship and University Technology Transfer," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 235-246, August.
    4. An, Hyoung Joon & Ahn, Sang-Jin, 2016. "Emerging technologies—beyond the chasm: Assessing technological forecasting and its implication for innovation management in Korea," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 132-142.
    5. Li, Ling, 2013. "The path to Made-in-China: How this was done and future prospects," International Journal of Production Economics, Elsevier, vol. 146(1), pages 4-13.
    6. Andrew Whitmore & Anurag Agarwal & Li Xu, 2015. "The Internet of Things—A survey of topics and trends," Information Systems Frontiers, Springer, vol. 17(2), pages 261-274, April.
    7. Zhang, Rui & Sun, Kai & Delgado, Michael S. & Kumbhakar, Subal C., 2012. "Productivity in China's high technology industry: Regional heterogeneity and R&D," Technological Forecasting and Social Change, Elsevier, vol. 79(1), pages 127-141.
    8. Shifeng Fang & Lida Xu & Yunqiang Zhu & Yongqiang Liu & Zhihui Liu & Huan Pei & Jianwu Yan & Huifang Zhang, 2015. "An integrated information system for snowmelt flood early-warning based on internet of things," Information Systems Frontiers, Springer, vol. 17(2), pages 321-335, April.
    9. Kenney, Martin & von Burg, Urs, 1999. "Technology, Entrepreneurship and Path Dependence: Industrial Clustering in Silicon Valley and Route 128," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 8(1), pages 67-103, March.
    10. Jiao, Hao & Yang, Dan & Gao, Minghua & Xie, Peihong & Wu, Yibing, 2016. "Entrepreneurial ability and technological innovation: Evidence from publicly listed companies in an emerging economy," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 164-170.
    11. Helen Lawton Smith & Sharmistha Bagchi-Sen, 2012. "The research university, entrepreneurship and regional development: Research propositions and current evidence," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(5-6), pages 383-404, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Diego Norena-Chavez, 2020. "The Mediation Effect of Innovative Behavior on the Relationship Between Entrepreneurial Self-Efficacy and Entrepreneurial Intention," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 238-252.
    2. Nguyen, Canh Phuc & Nguyen, Bach & Duy Tung, Bui & Dinh Su, Thanh, 2021. "Economic complexity and entrepreneurship density: A non-linear effect study," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    3. Chung, Doohee & Jung, Haejun & Lee, Yunjeong, 2022. "Investigating the relationship of high-tech entrepreneurship and innovation efficacy: The moderating role of absorptive capacity," Technovation, Elsevier, vol. 111(C).
    4. Yurdagül Meral, 2019. "High technology export and high technology export impact on growth," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 1(3), pages 32-38, July.
    5. Liu, Chen & Yang, Wei, 2023. "Does social insurance stimulate business creation? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    6. Ehsan Javanmardi & Sifeng Liu, 2019. "Exploring Grey Systems Theory-Based Methods and Applications in Analyzing Socio-Economic Systems," Sustainability, MDPI, vol. 11(15), pages 1-19, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pan Wang & Ricardo Valerdi & Shangming Zhou & Ling Li, 2015. "Introduction: Advances in IoT research and applications," Information Systems Frontiers, Springer, vol. 17(2), pages 239-241, April.
    2. Rui Xu & Changqing Wu & Shengying Zhu & Baodong Fang & Wei Wang & Lida Xu & Wu He, 2017. "A rapid maneuver path planning method with complex sensor pointing constraints in the attitude space," Information Systems Frontiers, Springer, vol. 19(4), pages 945-953, August.
    3. Shang, Juan & Li, Pengfei & Li, Ling & Chen, Yong, 2018. "The relationship between population growth and capital allocation in urbanization," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 249-256.
    4. Haifeng Qian & Kingsley Haynes, 2014. "Beyond innovation: the Small Business Innovation Research program as entrepreneurship policy," The Journal of Technology Transfer, Springer, vol. 39(4), pages 524-543, August.
    5. Jiang, Hong & Zhao, Shukuan & Zhang, Siwen & Xu, Xiaobo, 2018. "The adaptive mechanism between technology standardization and technology development: An empirical study," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 241-248.
    6. Yu Sun & Ling Li & Hui Shi & Dazhi Chong, 2020. "The transformation and upgrade of China's manufacturing industry in Industry 4.0 era," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 734-740, July.
    7. Thang Nguyen & Lan Nguyen & Scott Bryant & Hieu Nguyen, 2020. "What Motivates Scientists in Emerging Economies to Become Entrepreneurs? Evidence from Vietnam," Sustainability, MDPI, vol. 12(3), pages 1-18, February.
    8. João J. M. Ferreira & Fernando A. F. Ferreira & Cristina I. M. A. S. Fernandes & Marjan S. Jalali & Mário L. Raposo & Carla S. Marques, 2016. "What do we [not] know about technology entrepreneurship research?," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 713-733, September.
    9. Mike Wright & Keith M. Hmieleski & Donald S. Siegel & Michael D. Ensley, 2007. "The Role of Human Capital in Technological Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 31(6), pages 791-806, November.
    10. Shang, Juan & Wang, Zhuo & Li, Ling & Chen, Yong & Li, Pengfei, 2018. "A study on the correlation between technology innovation and the new-type urbanization in Shaanxi province," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 266-273.
    11. Jiang, Hong & Zhao, Shukuan & Yuan, Yue & Zhang, Li & Duan, Lian & Zhang, Weiyong, 2018. "The coupling relationship between standard development and technology advancement: A game theoretical perspective," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 169-177.
    12. Zhang, Gongyi & Zhao, Shukuan & Xi, Yujuan & Liu, Na & Xu, Xiaobo, 2018. "Relating science and technology resources integration and polarization effect to innovation ability in emerging economies: An empirical study of Chinese enterprises," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 188-198.
    13. Sharma, Vivek & Bhat, Dada Ab Rouf, 2020. "An empirical study exploring the relationship among human capital innovation, service innovation, competitive advantage and employee productivity in hospitality services," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(2), pages 1-14..
    14. Anne Casati & Corine Genet, 2014. "Principal investigators as scientific entrepreneurs," The Journal of Technology Transfer, Springer, vol. 39(1), pages 11-32, February.
    15. Delgado, Michael S. & McCloud, Nadine & Kumbhakar, Subal C., 2014. "A generalized empirical model of corruption, foreign direct investment, and growth," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 298-316.
    16. Xiongnan Jin & Sejin Chun & Jooik Jung & Kyong-Ho Lee, 0. "A fast and scalable approach for IoT service selection based on a physical service model," Information Systems Frontiers, Springer, vol. 0, pages 1-16.
    17. Serkan Altuntas & Zulfiye Erdogan & Turkay Dereli, 2020. "A clustering-based approach for the evaluation of candidate emerging technologies," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1157-1177, August.
    18. Arfi, Wissal Ben & Nasr, Imed Ben & Kondrateva, Galina & Hikkerova, Lubica, 2021. "The role of trust in intention to use the IoT in eHealth: Application of the modified UTAUT in a consumer context," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    19. Raquel Ortega-Argilés, 2022. "The evolution of regional entrepreneurship policies: “no one size fits all”," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 585-610, December.
    20. Mark J. O. Bagley, 2019. "Networks, geography and the survival of the firm," Journal of Evolutionary Economics, Springer, vol. 29(4), pages 1173-1209, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:135:y:2018:i:c:p:83-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.