Abstract:In China’s transitional economy, factor market distortion(FMD)may affect allocation of entrepreneurial talent. Entrepreneurs used to obtain the low-cost factor rental income and transform it into export advantage. It may constrain the entrepreneurship as a result. This article finds that in the short term, FMD may “force” entrepreneurs to transform the “factor rent” into “agglomeration rent” which can deepen the division of labor; while in the long term, FMD may constrain entrepreneurs to transform “factor rent” into “innovation rent”, thus affecting the further sustainable innovation. The result suggests that under the international division background, the speed-up of factor market marketing process and effective government regulation are not only beneficial for the positive allocation of entrepreneurial talent, but also can promote the dynamic comparative advantage development.
姚瑶 刘文革. 要素市场扭曲对企业家才能配置的影响研究——基于动态面板系统GMM的研究方法[J]. 浙江工商大学学报, 2015, (1): 72-81.
YAO Yao LIU Wenge. An Analysis on Factor Market Distortion and Allocation of Entrepreneurial Talent——Based on the Dynamic Panel SYS GMM Method. Journal of Zhejing Gongshang University, 2015, (1): 72-81.