IDEAS home Printed from https://ideas.repec.org/a/ucp/jhucap/doi10.1086-716344.html
   My bibliography  Save this article

Human Capital and Entrepreneurship

Author

Listed:
  • Ni Qin
  • Dongmin Kong

Abstract

This study investigates the causal effect of human capital on entrepreneurship. We use China’s higher-education expansion in 1999 as an exogenous shock to conduct difference-in-differences estimation and find that human capital enhances entrepreneurship significantly. Our results are robust to different specifications and measures. We provide supportive evidence based on two alternative natural experiments: China’s university relocation (1952) and the restart of the college entrance exam (1977). Plausible mechanisms that drive our results are resource acquisition, opportunity identification, and decrease in labor cost. We also find that institutional quality, trust, and financing conditions significantly strengthen our findings.

Suggested Citation

  • Ni Qin & Dongmin Kong, 2021. "Human Capital and Entrepreneurship," Journal of Human Capital, University of Chicago Press, vol. 15(4), pages 513-553.
    • Handle: RePEc:ucp:jhucap:doi:10.1086/716344
    DOI: 10.1086/716344
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/716344
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/716344
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/716344?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alrowwad, Anas Mohammad & Alhasanat, Khaled Ahmad & Sokil, Oleh & Halko, Serhii & Kucherkova, Svitlana, 2022. "Sustainable transformation of accounting in agriculture," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(2), June.
    2. Wu, Jinshun & Wu, Luyao, 2023. "Impacts of digital inclusive finance on household entrepreneurship," Finance Research Letters, Elsevier, vol. 56(C).
    3. Wei, Binhui & Wang, Runtao & Lin, Xiakaifeng & Zhao, Chunkai & Luo, Mingzhong, 2024. "The long-term effect of childhood left-behind experiences on entrepreneurial activities in adulthood: Empirical evidence from China," Children and Youth Services Review, Elsevier, vol. 164(C).
    4. Liu, Mengsha & Jiang, Yan & Wei, Xiaokun & Ruan, Qingsong & Lv, Dayong, 2023. "Effect of high-speed rail on entrepreneurial activities: Evidence from China," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    5. Balaussa Azubayeva, 2021. "The Impact of Cultural Capital on Development of Entrepreneurship in Wales," Administrative Sciences, MDPI, vol. 11(4), pages 1-24, December.
    6. Liu, Kaiwei & Tan, Cunfeng, 2024. "The impact of fiscal support on individual entrepreneurship in rural areas," Finance Research Letters, Elsevier, vol. 66(C).
    7. Gan, Tian & Zhang, Mingxin & Zhang, Zhiqiang, 2023. "The impact of digital government policy on entrepreneurial activity in China," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 479-496.
    8. Li, Jiawei & Wang, Tiezhi & You, Meiqi, 2024. "Patent pledge and corporate risk-taking: A quasi-natural experiment from China's patent pledge pilot," Finance Research Letters, Elsevier, vol. 66(C).
    9. Liu, Chen & Yang, Wei, 2023. "Does social insurance stimulate business creation? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    10. Cheng, Yawen & Sheng, Yan, 2023. "Relative income within households, gender identity, and entrepreneurship," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 90-108.
    11. Wang, Jiaxin & Huang, Xiang & Xu, Rui & Huang, Rui, 2024. "Green spillover effect of human capital growth—Evidence from the PM enrollment expansion," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    12. Chen, Han & Wu, Linsheng, 2024. "Manager's entrepreneurial experience and firm innovation," Finance Research Letters, Elsevier, vol. 66(C).
    13. Xiuxiu Jiang & Xia Wang & Jia Ren, 2024. "Exploring the Multiple Combinations of Individual Capital and Institutional Contexts for High Levels of Entrepreneurial Activity," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 14643-14669, September.
    14. Wang, Bing & Liu, Yanyan & Yang, Xiangyu, 2024. "Digital economy and urban entrepreneurial activity," Finance Research Letters, Elsevier, vol. 66(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jhucap:doi:10.1086/716344. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JHC .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.