Entrepreneurship and Economic Growth in China

Abstract

This book provides an analysis of the existing economic dynamics and factors contributing to entrepreneurship in China. Featuring contributions from prominent authors such as Zoltan Acs and Jian Gao, it first poses a theoretical question of whether entrepreneurship exists in China and, if so, the extent and form it takes. This book also examines whether the nature of entrepreneurship in China differs from that elsewhere. Following this investigation, empirical tests and analyses focus on important issues such as: What is the special value of entrepreneurship in China? Does entrepreneurship in China drive economic growth like it does in other more market-oriented economies? What is entrepreneurship in China like? What is its history, nature, environment, and what are some of the underlying diversities or challenges it is facing? Assuming entrepreneurship in China is important to economic growth, how can public policy help to enhance the entrepreneurship milieu in China? Finally, based on the empirical findings and potential policy implications, future directions of investigation are suggested. Contents: Introduction and Historical Background: Introduction (Ting Zhang, Roger R Stough and Chunpu Song) History and Development of Entrepreneurship in China (Huaqun Li) Theoretical Framework: Jaffe¨CFeldman¨CVarga: The Search for Knowledge Spillovers (Zolt¨¢n J ¨¢cs) Economic Impact of Entrepreneurship, Innovation, and Technology: Factor Accumulation or TFP: How does Entrepreneurship Empirically Account for Economic Growth? (Junbo Yu) Regional Economic Growth and Telecommunications Infrastructure in China (Yanchun Liu) Financial Environment of Entrepreneurship in China: Entrepreneurship Financing ia Innofund (Emily Xiaoxia Wang) Entrepreneurial Financing, Corporate Governance, and Firm Performance in China: With Evidence of Listed Companies on the Shenzhen Stock Exchange (Jiamin Wang) Other Factors Related to Entrepreneurship and Economic Growth in China: Regional Disparities of New Firm Formation in China (Jian Gao and Shi Shude) Diversity, Innovation, and Entrepreneurship in China (Haifeng Qian, Roger R Stough and Junyang Yuan) The Evolution and Determinants of Private Sector Entrepreneurship in China (Shaoming Cheng) Culture Matters to Entrepreneurship Policies: Entrepreneurship Policies in the U.S. versus China (Ting Zhang) Case Studies: Beyond Small Business and Private Enterprises in China: Global and Spatial Perspectives (Xinyue Ye and Mark Leipnik) Linking Government Procurement to Long-term Government Performance: A Theoretical Instrument with Tentative Solution for China (Roger R Stough and Junbo Yu) Readership: Undergraduate/graduate students, researchers, academics and business practitioners interested in the entrepreneurship environment in China and her transitional economy. Key Features: Analyzes the role of entrepreneurship in China's rapid economic growth Investigates the existing economic dynamics and factors contributing to entrepreneurship in China from the perspective of the uniqueness of entrepreneurship in China Provides a counterpoint to most existing literature, which tends to focus on the barriers to entrepreneurship in China (e.g. its immature markets and institutions) based on Western standards of entrepreneurship Includes contributions from prominent authors such as Zoltan Acs and Jian Gao