Li, Zheng and Ding, Tao and Li, Jun (2015) Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model. Technology Analysis & Strategic Management, 27 (6). pp. 660-674. DOI https://doi.org/10.1080/09537325.2015.1034676
Li, Zheng and Ding, Tao and Li, Jun (2015) Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model. Technology Analysis & Strategic Management, 27 (6). pp. 660-674. DOI https://doi.org/10.1080/09537325.2015.1034676
Li, Zheng and Ding, Tao and Li, Jun (2015) Entrepreneurship and economic development in China: evidence from a time-varying parameters stochastic volatility vector autoregressive model. Technology Analysis & Strategic Management, 27 (6). pp. 660-674. DOI https://doi.org/10.1080/09537325.2015.1034676
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; economic development; TVP-SV-VAR model; entrepreneurship |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 26 Jun 2015 15:38 |
| Last Modified: | 23 Sep 2022 18:31 |
| URI: | http://repository.essex.ac.uk/id/eprint/14027 |