The Spatial Effect of Aging Population on Innovation in Entrepreneurship--Based on Empirical Analysis of Western China

Abstract

This study researches the impact of an aging population on Innovation in Entrepreneurship (IE), and applying fixed effects models (FE), mediated effects models and spatial lag regression model (SAR) to panel data of Western China (excluding Tibet) from 2004 to 2019.The results showed that an aging population and IE inverted significantly U-curve, and human capital plays a significant partial mediation between the two. A theoretical perspective based on the First Law of Geography, in the western China, aging population and IE are both positive spatial correlation, and both show the characteristics of "High-High" spatial agglomeration. Under the spatial model, aging population and IE also inverted U-curve.