Welcome to Francis Academic Press

Academic Journal of Business & Management, 2021, 3(4); doi: 10.25236/AJBM.2021.030413.

Impact of ageing population on entrepreneurship -- an empirical analysis based on the ethnic areas in northwest China


Yunqing Su

Corresponding Author:
Yunqing Su

Qinghai Nationalities University, Qinghai, Xining 810007, China


The article examined the impact of ageing population on the innovation in entrepreneurship based on the ethnic areas in northwest China Using provincial panel data from 2004 to 2019. The results show that The relationship between aging population and innovation in entrepreneurship presents an inverted U-shaped curve and “Human capital accumulation” and “Urban unemployment rate” are the two mediating effects of the ageing population on the entrepreneurial innovation. Thus, With the deepening ageing population, it is necessary to improve human capital investment and control unemployment to promote the collaborative innovation of regional enterprises.


ageing population, entrepreneurship, Human capital, Urban unemployment rate

Cite This Paper

Yunqing Su. Impact of ageing population on entrepreneurship -- an empirical analysis based on the ethnic areas in northwest China. Academic Journal of Business & Management (2021) Vol. 3, Issue 4: 63-70. https://doi.org/10.25236/AJBM.2021.030413.


[1] Schumpeter J A. The Theory of Economic Development [M].Cambridge, MA: Harvard University Press, 1934.

[2] Peng Du. Further discussion on whether China is "old before getting rich" [J].Population research, 2007 (04): 46-56.

[3] Czaja S J, Lee C C. The impact of aging on access to technology [J].Universal Access in the Information Society, 2007, 5(4): 341.

[4] Weilue Hu. On the relationship between population aging and technological progress [J]. Research on quantitative economy and technological economy, 1991 (11): 27-34.

[5] Skirbekk V. Age and individual productivity: A literature survey [J].2004.

[6] Feyrer J.Aggregate evidence on the link between age structure and productivity [J]. Population and Development Review, 2008, 34:78-99.

[7] Parker S C. The economics of selfe-mployment and entrepreneurship [M].Cambridge University Press: Cambridge, UK, 2004.

[8] Yue Gao. Does aging population affect scientific and technological innovation?: An Empirical Study Based on China's Provincial Panel Data [J]. Scientific and technological progress and countermeasures, 2017, 34 (17): 46-51.

[9] Lei Shen, Yan Guo.Research on the influence of aging on technological innovation of high-tech industry -- Based on the analysis of heterogeneity of sub industries and enterprise scale [J]. Industrial technology economy, 2020, 39 (12): 78-87.

[10] Shumin Sui, Zenghua he. The impact of aging population on Enterprise Innovation: An Empirical Analysis Based on census data and micro industrial enterprise data [J]. Population research, 2020, 44 (06): 63-78.

[11] Schultz T W. Investing in people: The Economics of Population Quality [M].California: University of California Press, 1982.

[12] Hao Li. Population aging, medical burden and micro human capital investment [J]. Statistics and decision making, 2021, 37 (02): 88-92.

[13] Hsu M, Liao P J, Zhao M. Demographic change and long-term growth in China: past developments and the future challenge of aging [J].Review of DevelopmentEconomics, 2018, 22 (3):928-952.

[14] Mincer J.Economic development, growth of human capital, and the dynamics ofthe wage structure[J].Journal of Economic Growth, 1996, 1(1):29-48.

[15] Jin Xu, Lu Liu, Zhiyi Guo. The impact mechanism of China's aging population on industrial structure: An Empirical Analysis Based on synergy and mediation effect [J]. China Population Science, 2018 (03): 15-25 + 126.

[16] Jianwei Li. Labor supply and demand pattern, technological progress and potential economic growth rate in China [J]. Management world, 2020, 36 (04): 96-113.

[17] Lixin Wang, Yong Li. Research on risk management in the process of enterprise technological innovation [J]. Scientific and technological progress and countermeasures, 2007 (02): 84-87.

[18] Hebert R, Linka. In search of the Meaning of Entrepreneurship [J].Small Business Economics, 1989, 1, (1):39-49.

[19] Hongbin Li, Xing Li, Xianguo Yao, Haifeng Zhang, junsen Zhang. The impact of entrepreneurship and innovation on China's economic growth [J]. Beijing: economic research, 2009, (10): 99-108.

[20] Jin Yu, Hongying Yang, Dahui Zhou, Mingxiang Chen. Spatial temporal differences and path mechanism of population aging and Entrepreneurship: a regression model based on Provincial Panel Data [J]. Exploration of economic problems, 2020 (12): 66-78.

[21] Junjie Cheng. Institutional change, entrepreneurship and the development of private economy [J]. Economic management, 2016, 38 (08): 39-54.

[22] Tao Feng, Meisha Zhang. Business environment, financial development and enterprise technological innovation [J]. Scientific and technological progress and countermeasures, 2020, 37 (06): 147-153.

[23] Haijun Long. The impact of institutional environment on the allocation of Entrepreneurship: the regulatory role of financial market [J]. Scientific and technological progress and countermeasures, 2017, 34 (07): 94-99.

[24] Jixin Tong, Qingqing Wang. Haze pollution, environmental regulation and high quality economic development of key urban agglomerations in China [J]. Management modernization, 2018, 38 (06): 59-61.

[25] Lei Huang, Chuanqing Wu. Research on the efficiency and dynamic mechanism of urban green technology innovation in the Yangtze River economic belt [J]. Journal of Chongqing University (SOCIAL SCIENCE EDITION), 2021, 27 (01): 50-64.

[26] Feldman M P. The character of innovative places: entrepreneurial strategy, economic development, and prosperity [J].Small Business Economics, 2014, 43(1):9-20.

[27] Woolley J L. The creation and configuration of infrastructure for entrepreneurship in emerging domains of activity [J].Entrepreneurship Theory & Practice, 2014, 38(4):721–747.

[28] Yanbing Mao, Danhui Li. Research on the hedging effect of population aging and human capital promotion in economic growth [J]. Western forum, 2021, 31 (01): 59-68.

[29] Yong Lou, Liuyu Wang, Fengxia Hao. Analysis of the impact of population aging on scientific and technological innovation in China [J]. Research on science and technology management, 2020, 40 (21): 14-22.

[30] Changqing Li, Yukun Li, Maoliang Li. Equity pledge of controlling shareholders and enterprise innovation investment [J]. Financial research, 2018 (07): 143-157.

[31] Baron M, Kenny D. The Moderator-Mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic and Statistical Consideration [J].Journal of Personality and Social Psychology, 1986, 51, (6):1173-1182.