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Full-Text Articles in Social and Behavioral Sciences
The Impact Of Marketization On Entrepreneurship In China: Recent Evidence, Yang Zhou, Joshua C. Hall
The Impact Of Marketization On Entrepreneurship In China: Recent Evidence, Yang Zhou, Joshua C. Hall
Economics Faculty Working Papers Series
While marketization has been linked to provincial-level economic growth in China, how marketization leads to growth has not been explored. We hypothesize that marketization creates an environment that encourages entrepreneurship, which manifests itself in economic growth. While this argument is not new, it has not been explored in the Chinese context. We fill this gap by empirically testing the relationship between marketization and measures of entrepreneurship across Chinese provinces. Our primary measures of entrepreneurship are level changes in the number of “private enterprises” and “self-employed individuals”. We find that higher levels of marketization are positively related to higher levels of …
Economic Freedom And Government Efficiency: Recent Evidence From China, Shaoment Jia, Yang Zhou
Economic Freedom And Government Efficiency: Recent Evidence From China, Shaoment Jia, Yang Zhou
Economics Faculty Working Papers Series
We investigate the effects of economic freedom (marketization) on governance efficiency defined with the newest provincial level economic indicator data (NBSC, 2017) and economic freedom data (Fan et al., 2017) from 2008 to 2014 in China. With two different measures, the results suggest that economic freedom is positively correlated with governance efficiency. Moreover, the liberalization and marketization progress in the “factors market” is the single most significant area for both governance efficiency measures, while other areas like “market intermediary & legal system” have no significant effects.