Abstract：How to avoid falling into the development trap in different income stages is an important challenge for every economy. By constructing a theoretical framework of entrepreneurship，economic cycle and development trap crossing，the mechanism of the role of entrepreneurship in influencing economies to cross the development trap is explored and empirically tested using Global Entrepreneurship Monitor（GEM）data from 2002-2017. The study found that the development trap is essentially a state of development in which an economy is unable to shift from a low-income to a high-income economic cycle，and that entrepreneurship is the“switchman”that drives this transition of the economic system. However，the correlation between the ability of an economy to overcome the development trap and its business owner density is weak，due to the structural characteristics of the business owners group. Entrepreneurial business owners-entrepreneurs break the old low-income economic cycle and drive the economy into a new higher-income economic cycle by implementing innovative activities with new combi?nations of factors，thus an increase in the share of innovative entrepreneurs facilitates the economy to overcome the development trap. Business owners-senior managers，who perform managerial functions，refuse the economic disruption caused by destructive innovation and cling to the old economic cycle. Thus the increase in the share of managerial senior managers in?creases the risk of the economy falling into a development trap. By redefining development traps，the article brings the development traps of low-income，middle-income and high-income stages into a unified analytical framework，which is conducive to a general and universal explanation of economic development phenomena such as the“Malthusian”dilemma，the “Kluderman-Young”curse and the“Japanese disease”stagnation. Based on the findings of the study，the following policy implications are proposed：First，the role of entrepreneurship in crossing the development trap of an economy should be clarified and the social status of entrepreneurs should be effectively improved. Second，we should actively create a policy environment for the cultivation of entrepreneurship，and give full play to the positive role of entrepreneurs in promoting the economy to overcome the development trap. Third，adhere to the principle of competition neutrality，promote the survival of the fittest，form a good mechanism for the entry and exit of enterprises，and reduce the resistance of the economy to overcome the development trap.
陈明明,刘禧瑶,聂其辉. 企业家精神对经济体跨越发展陷阱的影响研究[J]. 南方经济, 2023, 42(5): 1-16.
Chen Mingming,Liu Xiyao,Nie Qihui. A Study on the Impact of Entrepreneurship on Economies Overcoming Development Traps . South China Journal of Economics, 2023, 42(5): 1-16.
