China's Marketization,Entrepreneurship And Economic Growth

In the past 40 years,China's entrepreneurship has been released unprecedentedly,and entrepreneurship has become an important driving force for economic growth.At the same time,during the period of perfecting China's socialist market economic system,the degree of marketization is also related closely to entrepreneurship.However,due to the uneven development of regions,the role of entrepreneurship in the China's regional economy growth needs further analysis.The purpose of this paper is to explore the role of entrepreneurship in China's macroeconomic development and the impact of entrepreneurship on economic growth in the process of marketization in different regions,using economic growth theory and empirical analysis methods.In order to analyze the impact of entrepreneurship in different regions on economic growth,as well as the role of marketization in this effect,firstly this paper analyzes the connotation of entrepreneurship and the theory of economic growth,and studies the role of marketization in the effective representation of entrepreneurship.Secondly,linking the entrepreneurial talent with the technological progress,introducing the “effective representation of entrepreneurship coefficient”,portraying the effective part of entrepreneurial talent in the process of promoting economic growth,and conducting theoretical analysis under the framework of the endogenous economic growth model.In the empirical analysis part,this paper constructs the inter-provincial panel data from 2010 to 2017,and improves the indicator system based on the comprehensive ability index system of Beijing Normal University.The fixed-effects model and the randomeffects model are used for regression analysis of national and sub-regional data.Finally,based on the actual situation of China's development,the estimation results are analyzed in depth and conclusions are drawn.It also proposes some reasonable countermeasures.The study found that: 1.China's entrepreneurship and economic growth overall showed a significant positive correlation;2.The level of entrepreneurship in different regions is different,and so is the impact on regional economic growth.The contribution of entrepreneurship to economic growth is in descending order of Central,Eastern and Western.Compared with the Central,the marginal effect of Eastern entrepreneurship on economic growth is weaker;3.The degree of marketization plays a significant role in adjusting the impact of entrepreneurship in promoting economic growth.In the Eastern and Western,the improvement of marketization level will intensify the positive impact of entrepreneurship on economic growth.In the Central,with the advancement of marketization,the positive impact will gradually decrease.