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 journalArticlepeer-review

8 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 languageEnglish
Pages (from-to)660-674
Number of pages15
JournalTechnology Analysis and Strategic Management
Volume27
Issue number6
Early online date29 Apr 2015
DOIs
Publication statusPublished - 3 Jul 2015
Externally publishedYes

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