By Ying Zhang and Geert Duysters - 2010
We make use of a panel dataset from 31 provinces in China in the past 4 years. Our results show that China’s economic development has a significant inversed U-shaped impact on entrepreneurship development in China’s transitional stage from an efficiency-driven to an innovation-driven economy. Further findings in the recent transitional stage show that education resource and regional economic openness respectively has significantly positive impact on entrepreneurship. The interactive effects of education resources and economic openness were also found to be significantly positive. We show that the fact of China’s entrepreneurship development is approaching to the opportunity-oriented polar in recent years.
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