EMPIRICAL EFFECTS OF ENTREPRENEURSHIP ON REGIONAL DEVELOPMENT: A CHINESE LOCAL PERSPECTIVE

Abstract

It is a common belief that entrepreneurship active regions tend to have better economic development. This paper aims to examine what changes have occurred on a region’s social, physical (e.g. air, water, soil or health that can affect human physical survival) and economic conditions during a large scale regional entrepreneurial development. Focusing on the entrepreneurially active region, Zhejiang Province of China, the study finds mixed results based on the published statistics by the Chinese Government and information from the U.S. satellite data during the 1980–2010 timeframe. The findings may have policy implications for China’s further progress, as well as for the progress of other developing countries.