Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model

Zheng Li; Tao Ding; Jun Li

doi:10.1080/09537325.2015.1034676

Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model

Zheng Li, Tao Ding, Jun Li

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

Abstract

This paper investigates the impact of entrepreneurship on economic development in China for the period 1999–2013 using a time-varying parameters stochastic volatility vector autoregressive model. Our results suggest a positive relation between entrepreneurship and subsequent growth of industrial output and employment. Furthermore, the positive effect of entrepreneurship shock peaks in a lag of 5 quarters on industrial output and in a lag of 10 quarters in employment.

Original language	English
Pages (from-to)	660-674
Number of pages	15
Journal	Technology Analysis and Strategic Management
Volume	27
Issue number	6
Early online date	29 Apr 2015
DOIs	https://doi.org/10.1080/09537325.2015.1034676
Publication status	Published - 3 Jul 2015
Externally published	Yes

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title = "Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model",

abstract = "This paper investigates the impact of entrepreneurship on economic development in China for the period 1999–2013 using a time-varying parameters stochastic volatility vector autoregressive model. Our results suggest a positive relation between entrepreneurship and subsequent growth of industrial output and employment. Furthermore, the positive effect of entrepreneurship shock peaks in a lag of 5 quarters on industrial output and in a lag of 10 quarters in employment.",

keywords = "China, economic development, entrepreneurship, TVP-SV-VAR model",

author = "Zheng Li and Tao Ding and Jun Li",

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AU - Ding, Tao

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AB - This paper investigates the impact of entrepreneurship on economic development in China for the period 1999–2013 using a time-varying parameters stochastic volatility vector autoregressive model. Our results suggest a positive relation between entrepreneurship and subsequent growth of industrial output and employment. Furthermore, the positive effect of entrepreneurship shock peaks in a lag of 5 quarters on industrial output and in a lag of 10 quarters in employment.

KW - China

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KW - entrepreneurship

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Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model

Abstract

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