Regional deregulation and entrepreneurial growth in China's transition economy
Despite a less favourable national institutional environment, the private entrepreneurial sector has developed rapidly in China¡¯s transition economy. To resolve this puzzle, this study argues that regional deregulation plays a significant role in China¡¯...
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| Format: | Article |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/94381 http://hdl.handle.net/10220/7504 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Despite a less favourable national institutional environment, the private
entrepreneurial sector has developed rapidly in China¡¯s transition economy.
To resolve this puzzle, this study argues that regional deregulation plays a
significant role in China¡¯s entrepreneurial growth because it stimulates free
markets and lifts predatory and discriminatory regulatory policies affecting
entrepreneurship. I use provincial-level panel data (1998¨C2003) for
hypothesis testing. The results, based on fixed effects estimation, suggest
that deregulation indeed has a significantly positive effect on entrepreneurial
growth within regions. In addition, this effect is found to be
stronger in earlier years, as well as among less developed, inland regions. |
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