Entrepreneurship and Natural Resource Curse on Regional Economic Resilience: Evidence From China
利用中国地级市数据,研究发现自然资源丰富的地区经济韧性更差,这种“资源诅咒”主要通过抑制创业活动实现,表现为标准化职业结构和政府腐败导致的制度环境恶化。
ABSTRACT This paper explores the impact of natural resource wealth on regional economic resilience and its transmission channels regarding entrepreneurship using prefecture‐level evidence from China. Our results demonstrate a natural resource curse on economic resilience, in that more resource‐rich regions have significantly less resistance to economic recessions. Furthermore, we present evidence that much of this curse operates through the channels of resource‐based economy that represses entrepreneurship. Additional suggestive evidence indicates a greater likelihood of resource‐rich regions being unenterprising localities, partly due to the highly standardized occupational structure and government‐corruption‐led deterioration of the institutional environment.