Entrepreneurship,Innovation,and Total Factor Productivity

In recent years,as China's economic growth rate has gradually reduced from high-speed growth to medium-high speed growth,China's economic development has gradually begun to enter “The New Normal”.Research on China's total factor productivity has become a hot topic for domestic and foreign scholars,and how to promote total factor productivity growth has become a key issue that needs to be resolved in order to improve the quality of China's economic growth and change China's economic growth pattern.Entrepreneurship is playing a more and more important role in economic operation and development.China is in the process of changing the mode of economic growth,and whether China's economy can smoothly shift from the current factor-input-type economic growth model to the support-type model that improves total factor productivity will depend to a large extent on whether it can effectively exert its entrepreneurial spirit and allocate entrepreneurial resources.In view of this,this paper studies the relationship between entrepreneurship and total factor productivity growth in Chinese provinces(cities).First of all,start with the relevant theories of entrepreneurship,explore the core of entrepreneurship,and divide the entrepreneurial spirit into entrepreneurial entrepreneurship and entrepreneurial innovation spirit,and establish indicators to measure entrepreneurship.Then,combing the research progress of total factor productivity and its growth,and using the DEA-Malmquist index method based on the non-desired output super-efficiency SE-U-SBM model to measure the resources and environment of all provinces(cities)in China according to the calculation of total factor productivity growth.Constrained TFP growth and other related indicators,and analysis of TFP growth trends and composition differences in eastern,central and western China.After systematically reviewing the relevant research that reviewed the connotation of entrepreneurship and the impact of the growth of total factor productivity,we further elaborated on the mechanism of entrepreneurship affecting total factor productivity growth and constructed an econometric model accordingly.Empirical analysis.To introduce indicators of entrepreneurship(entrepreneurial entrepreneurship and entrepreneurial spirit of innovation)and total factor productivity growth indicators into the econometric model,and to use the 30 provincial administrative regions of China(excluding Tibet,Hong Kong,Macao,and Taiwan)from 1997 to 2015.Panel data,through a series of tests such as unit root,cointegration,and model setting,determined a fixed effect model,and empirically analyzed the impact of entrepreneurial entrepreneurship and entrepreneurial spirit on total factor productivity growth.The empirical results show that the entrepreneurial spirit of entrepreneurs and entrepreneurial spirit of innovation have a significant positive effect on the growth of total factor productivity.Various robustness tests also confirm the above results,but the selection of different indicators has different effects on the degree of impact.In addition,the regional entrepreneurial spirit has great influence on the growth of total factor productivity.Finally,based on the results of empirical analysis,the author puts forward the countermeasures and suggestions for improving the entrepreneurship and entrepreneurial spirit of entrepreneurs and further promoting the regional total factor productivity growth.First,while the government continues to implement coordinated regional economic development measures,it should pay more attention to regional sustainable development.Second,the government needs to improve the infrastructure construction and policy support fostered by entrepreneurship to provide entrepreneurial innovation and entrepreneurial spirit.Third,the market needs to implement incentives for the transformation of innovation and entrepreneurial achievements,stimulate the transformation of innovation and entrepreneurial achievements,and further enhance the economic value and practical value of innovation and entrepreneurial achievements.Fourth,entrepreneurs need to enhance their own entrepreneurship through continuous learning and The ability to innovate enables enterprises to take advantage in the fierce market competition,and makes these factors work together to enhance the role of innovation and entrepreneurship in the promotion of total factor productivity growth.