An Endogenous Growth Model for Entrepreneurship Based on Product-adding Innovations
基于企业家产品水平创新的内生增长模型

This paper presents an endogenous growth model for entrepreneurship, introducing entrepreneurship into economic growth theory by entrepreneurial product-adding innovation. The competitive equilibrium and social optimization problems are discussed. The solutions of the competitive equilibrium and social optimization problems and their policy implications are deduced. The main conclusion is that entrepreneurial product-adding innovation is a force of economic growth and the more entrepreneurship, the higher rate of economic growth.