Research on the Relationship between China’s Entrepreneurship and Economic Growth
|Keywords||Venture Economic growth Cointegration test|
How to speed up economic growth and enhance the economic strength in the world in the 21st century, a new pattern of the contest , is the urgent need to address contemporary issues . As an important factor in promoting economic growth , entrepreneurship is becoming a mainstream of the times . On the one hand , you can venture to promote scientific and technological innovation , promote the emergence of new products , new inventions , thus promoting economic growth ; the other hand, for the perfection of the modern market system and the entrepreneurial resources in a more reasonable configuration of enhance the international competitiveness of the economy as a whole have a very important role . China's national conditions , China 's labor resources , current and future employment and re- employment situation is still grim , and the pressure is still large , contradictions remain in the labor oversupply . Promote individuals start their own businesses is also alleviate the contradiction of employment, an important way of maintaining social stability . Therefore , the study of the internal relations of entrepreneurship and economic growth , not only has a great significance on the rich and the development of entrepreneurship theory , but will also alleviate the increasingly severe employment situation in China , and promote China's sustained economic growth to have a positive impact . Previous studies have shown the impact of entrepreneurship on economic growth is significant , but the mechanism is unclear . This is not conducive to a correct understanding of the role of entrepreneurship on economic growth , but not conducive to select appropriate and effective promotion of economic growth , entrepreneurship policies and systems . This article first systematic demonstration of the entrepreneurial role in promoting economic growth in China , indicating that China's development of entrepreneurial economic necessity . Secondly, the use of co-integration test , error correction model , Granger causality test dynamic measurement analysis method empirical research on the relationship between entrepreneurship and economic growth . The study results show that : there are long-term cointegration relationship between entrepreneurship and economic growth in China and a significant two-way causality , entrepreneurial role in promoting China's economic growth significantly . Finally, in -depth analysis of the current situation and problems of China's venture based on the proposed policy recommendations for China's development of the entrepreneurial economy .