[an error occurred while processing this directive] | [an error occurred while processing this directive]
Marketization Process and Entrepreneurship
LEI Hong1, GAO Bo1,2
1. School of Economics, Nanjing University, Nanjing 210093, China; 2. Yangtze River Delta Economics and Social Development Research Center, Nanjing University, Nanjing 210093 China
Abstract In the context of the spread of the COVID-19 and the construction of a new development pattern of double circulation, stabilizing employment and promoting innovation have become hot topics. This paper examines the impact of marketization on entrepreneurship by using provincial panel data from 2000 to 2018 in China. The study shows that market-oriented reform is conducive to enhance the innovative spirit and entrepreneurial spirit of entrepreneurs. The heterogeneity analysis of innovation subjects and entrepreneurial subjects shows that the marketization process has different effects on entrepreneurial spirit of different innovation subjects and entrepreneurial spirit of different entrepreneurial subjects. The influence of resource allocation effect and incentive effect of innovative subjects such as enterprises, universities and scientific research institutions in the process of marketization is weakened in turn. The market-oriented reform of enterprises in Hong Kong, Macao, Taiwan, foreign-funded enterprises, individual, private enterprises, mixed-ownership enterprises, state-owned enterprises, collective enterprises, etc. has weakened the impact on entrepreneurial spirit in turn. The results of differences at the industry level show that the manufacturing industry is most affected by the marketization process. Based on this conclusions, this paper puts forward some policy suggestions, such as continuously promoting the process of market-oriented reform in various regions and creating a market environment for fair competition.
2022, Vol. 39 
[an error occurred while processing this directive] | [an error occurred while processing this directive]
