Business creation, innovation, and economic growth: Evidence from China’s economic transition, 1978–2017

Jian, Jianhui; Fan, Xiaojie; Zhao, Shou‐Xun; Zhang, Dong

doi:10.1016/j.econmod.2020.03.019

Cited by 34 publications

(17 citation statements)

References 32 publications

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“…This is firstly due to the rapid accumulation of human capital in China in recent years (refer to the second paragraph of this paper); secondly, the accumulation of human capital in China coincides with a large-scale industrial transformation and upgrading; thirdly, the growth rate of the production factors of traditional economic growth, such as physical capital and labor, has slowed. This is consistent with the research conclusion of Jian et al [71] on China's human capital. The coefficient of physical capital is significantly positive but less than that of the human capital.…”

Section: The Estimated Results and Robustness Test Of Output As The Explained Variablesupporting

confidence: 93%

The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation

Wen

Dai

2021

Sustainability

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This paper extends the “sources of growth” explanation for the Environmental Kuznets Curve (EKC) proposed by Copeland and Taylor in a concise theoretical framework, that is, when the sources of growth are transformed from physical capital and labor to human capital and knowledge, the environmental pollution could at first rise and then fall with a sustainable growth in per capita income. Using the provincial panel data from 1995 to 2017 in the mainland of China, an empirical analysis is carried out by the System Generalized Method of Moment (sys-GMM). The results show that: first, the EKC hypothesis exists in China. The inflection point for SO2 emissions has been passed in all of the provincial regions, and for CO2 and comprehensive environmental pollution losses have not been passed in some regions, but the inflection point from the national average level in China has been passed; second, the main production factors of the traditional economy, physical capital and labor, are positively correlated with environmental pollution, while human capital and green technological progress, the main production factors of the knowledge economy, are negatively related to environmental pollution; third, human capital and green technological progress have become important factors to promote economic growth, and human capital, in particular, has become the primary factor, which indicates that China is in the process of transforming traditional economy into a knowledge economy. The stage of China’s economic development and the trend of environmental pollution is consistent with the extended “sources of growth” explanation for the EKC, which proved the theoretical hypothesis. This has an important practical significance for China’s current economic reform and important theoretical value for the economic transformation and sustainable development of developing countries. The paper finally puts forward corresponding policy recommendations.

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Section: The Estimated Results and Robustness Test Of Output As The Explained Variablesupporting

confidence: 93%

The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation

Wen

Dai

2021

Sustainability

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“…Developing models for impact assessment, we included control variables in models because not only eco-innovations but also other factors can influence environment performance and economic growth. One of the critical economic development sources is a new business creation (Jian et al, 2021). Since businesses are related to CO 2 emissions and level of pollution, from our point of view, the number of businesses in the territory can influence the countries environment.…”

Section: Socio-economic Outputsmentioning

confidence: 99%

The eco-innovation impact on economic and environmental performance of EU Member States

Mačiulytė-Šniukienė

Sekhniashvili

2021

Business, Management and Economics Engineering

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Development of innovation is recognised as a most powerful tool for the economic growth of countries. However, their effects on the quality of the environment are still being debated. To achieve sustainable development, eco-innovation becomes significant. EU countries expand eco-innovation activities, but it is not clear whether its development achieves the goal of economic growth and improves the quality of the environment. Purpose – to present how EU Member States perform in economic growth, environment and eco-innovation development and to evaluate eco-innovations impact on economic and environmental performance. Research methodology – the random effect regression was used for investigation relationship between eco-innovation, economic growth and environmental performance. Findings – eco-innovation development influences not only EU MS economic growth but also has a positive effect on environmental performance. Research limitations – eco-innovations development and economic growth can be interdepended, but this research investigates just one-way dependence. Granger causality test can be used for relationship assessment in the future. Practical implications – the research results can be used for both the development of environmental policy and the policy of business support for eco-innovation implementation. Originality/Value – study results confirmed previous assessment results on eco-innovation and economic growth and provided new knowledge of their effect on environmental performance.

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“…Since China's economic system is currently transitioning, the market economy system needs improvement as the planned economy has not completely disappeared (Jian et al, 2020; Liu & Li, 2019). Additionally, China's legal institutions need improvement in terms of property rights, copyrights, and patenting.…”

Section: Theory and Hypothesismentioning

confidence: 99%

Start‐ups and entrepreneurial teams

et al. 2021

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We survey 398 Chinese entrepreneurs within 118 entrepreneurial teams to investigate external social capital's impact on: the decision to start a venture and the mediating role that risk perception plays in that decision. Our results confirm that external social capital has a significant and positive effect on the decision to start a venture, while risk perception partly mediates this relationship. Furthermore, we find that the three dimensions of external social capital drive the decision to start a venture differently. The most important domains of external social capital are commercial social capital, followed by technical social capital and institutional social capital.

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Business creation, innovation, and economic growth: Evidence from China’s economic transition, 1978–2017

Cited by 34 publications

References 32 publications

The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation

The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation

The eco-innovation impact on economic and environmental performance of EU Member States

Start‐ups and entrepreneurial teams

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