Entrepreneurship, Innovation and Economic Growth:The Case of Yangtze River Delta in China
AbstractThis paper firstly discusses why the economic growth in the Yangtze River Delta has been slowed down recently and suggests a need totransform the current input-based economic growth pattern into aninnovation-based one. Next, through our theoretical analysis, we find that the change of current economic growth pattern is just the innovative reallocationof production factors, and the new economic growth driven by innovation is mainly initiated by the transmutation of entrepreneurship. Finally, we test our belief with real-world evidence. It shows that the Delta has formed a mechanism in which entrepreneurship and human capital mutually promote each other. However, the interactive relationship between R&D expenditure and entrepreneurship has not been developed in general. In addition, excessive government interventions will do harm to the growth of entrepreneurs and economic development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8919.
Date of creation: 07 Jan 2008
Date of revision:
entrepreneurship; innovation and economic growth pattern;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-07 (All new papers)
- NEP-CNA-2008-06-07 (China)
- NEP-DEV-2008-06-07 (Development)
- NEP-ENT-2008-06-07 (Entrepreneurship)
- NEP-GEO-2008-06-07 (Economic Geography)
- NEP-HRM-2008-06-07 (Human Capital & Human Resource Management)
- NEP-KNM-2008-06-07 (Knowledge Management & Knowledge Economy)
- NEP-TRA-2008-06-07 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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