Do entrepreneurs promote transformation of the economic growth pattern? New evidence from the 1993–2008 provincial panel data in China

Abstract

Constructing a theoretical model based entrepreneurs functions perspective to analysis the transformation of economic growth patterns, we conclude that entrepreneur functions can promote technological progress, and new capital and new labor are easier to transfer to R&D sector if the intensity of entrepreneurship is stronger, and the main ways to promote transformation of economic growth patterns are the optimal allocation of resources and the promotion of technological progress. During the analysis towards provincial panel data from 1993 to 2010,we prove that the entrepreneurship is an important explanatory variable of economic growth pattern.