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Influence of medical technology on entrepreneurial intention -evidence from China household survey

Author

Listed:
  • Chuanzhen Wu

    (College of Economics and Finance, Huaqiao University, Quanzhou, Fujian, 362021, China)

  • Yunping Liu

    (College of Economics and Finance, Huaqiao University, Quanzhou, Fujian, 362021, China.)

Abstract

This study empirically examines the relationship between medical technology and entrepreneurial intention. We use the panel data from the yearbooks of China Household Finance Survey (CHFS) and China Health Commission, and employ the fixed-effect regression with instrumental variables to reduce endogenous bias. This study reveals the bidirectional causality between medical technology and entrepreneurial intention. We emphasize that medical technology advancements can significantly stimulate entrepreneurial intentions, providing a new economic-boosting perspective for researchers. The results suggest to take economic benefits of the medical technology into account during policy making.

Suggested Citation

  • Chuanzhen Wu & Yunping Liu, 2023. "Influence of medical technology on entrepreneurial intention -evidence from China household survey," Economics Bulletin, AccessEcon, vol. 43(4), pages 1842-1852.
    • Handle: RePEc:ebl:ecbull:eb-22-00472
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    File URL: http://www.accessecon.com/Pubs/EB/2023/Volume43/EB-23-V43-I4-P158.pdf
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    More about this item

    Keywords

    business environment; entrepreneurship; medical advancement;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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