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. ISSN 0953-7325

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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:	Elements
Depositing User:	Elements
Date Deposited:	26 Jun 2015 15:38
Last Modified:	11 Apr 2022 22:51
URI:	http://repository.essex.ac.uk/id/eprint/14027

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