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Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer

Received: 7 August 2019     Accepted: 12 November 2019     Published: 21 November 2019
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Abstract

Economic Development is the main aim for every country. Returning industry transfer (RIT) is a continuous cycle of developing industry and the economic growth. Through the returning industry transfer, the numbers of Institutional entrepreneurs increasing day by day. The basic aim of RIT is to strengthen the growth level of entrepreneurs who then drive more economic growth through their innovative strategies. Returning industry transfer has a positive influence on the growth of institutional entrepreneurs as the skills and capabilities of a traditional entrepreneur can be nurtured, promoted and cultivated with it. RIT is further associated with a number of beneficial outcomes such as higher production levels, skills and knowledge migration across industries, reduced costs, lowered poverty levels and improved entrepreneurial abilities. The objective of this study is to analyze the impact on rural revitalization through returning industry transfer. To do so, the paper considers factors like high technology, entrepreneur, poverty alleviation, rural revitalization. All these factors which result from RIT also have a broader economic impact in the form of long-term growth and development. Returning industry transfer is a driving factor to bring entrepreneurial innovation in an industry. Not only has this but it also enhanced the pace of rural revitalization, poverty reduction, economic development and growth.

Published in Journal of Business and Economic Development (Volume 4, Issue 4)
DOI 10.11648/j.jbed.20190404.12
Page(s) 134-141
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Returning Industry Transfer, Institutional Entrepreneur, Economic Growth, Social Entrepreneurs, Poverty Reduction, Rural Revitalization

References
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Cite This Article
  • APA Style

    Papel Tanchangya, Nazmul Hasan Chowdhury, Chu Yingjing. (2019). Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer. Journal of Business and Economic Development, 4(4), 134-141. https://doi.org/10.11648/j.jbed.20190404.12

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    ACS Style

    Papel Tanchangya; Nazmul Hasan Chowdhury; Chu Yingjing. Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer. J. Bus. Econ. Dev. 2019, 4(4), 134-141. doi: 10.11648/j.jbed.20190404.12

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    AMA Style

    Papel Tanchangya, Nazmul Hasan Chowdhury, Chu Yingjing. Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer. J Bus Econ Dev. 2019;4(4):134-141. doi: 10.11648/j.jbed.20190404.12

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  • @article{10.11648/j.jbed.20190404.12,
      author = {Papel Tanchangya and Nazmul Hasan Chowdhury and Chu Yingjing},
      title = {Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer},
      journal = {Journal of Business and Economic Development},
      volume = {4},
      number = {4},
      pages = {134-141},
      doi = {10.11648/j.jbed.20190404.12},
      url = {https://doi.org/10.11648/j.jbed.20190404.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20190404.12},
      abstract = {Economic Development is the main aim for every country. Returning industry transfer (RIT) is a continuous cycle of developing industry and the economic growth. Through the returning industry transfer, the numbers of Institutional entrepreneurs increasing day by day. The basic aim of RIT is to strengthen the growth level of entrepreneurs who then drive more economic growth through their innovative strategies. Returning industry transfer has a positive influence on the growth of institutional entrepreneurs as the skills and capabilities of a traditional entrepreneur can be nurtured, promoted and cultivated with it. RIT is further associated with a number of beneficial outcomes such as higher production levels, skills and knowledge migration across industries, reduced costs, lowered poverty levels and improved entrepreneurial abilities. The objective of this study is to analyze the impact on rural revitalization through returning industry transfer. To do so, the paper considers factors like high technology, entrepreneur, poverty alleviation, rural revitalization. All these factors which result from RIT also have a broader economic impact in the form of long-term growth and development. Returning industry transfer is a driving factor to bring entrepreneurial innovation in an industry. Not only has this but it also enhanced the pace of rural revitalization, poverty reduction, economic development and growth.},
     year = {2019}
    }
    

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    T1  - Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer
    AU  - Papel Tanchangya
    AU  - Nazmul Hasan Chowdhury
    AU  - Chu Yingjing
    Y1  - 2019/11/21
    PY  - 2019
    N1  - https://doi.org/10.11648/j.jbed.20190404.12
    DO  - 10.11648/j.jbed.20190404.12
    T2  - Journal of Business and Economic Development
    JF  - Journal of Business and Economic Development
    JO  - Journal of Business and Economic Development
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    EP  - 141
    PB  - Science Publishing Group
    SN  - 2637-3874
    UR  - https://doi.org/10.11648/j.jbed.20190404.12
    AB  - Economic Development is the main aim for every country. Returning industry transfer (RIT) is a continuous cycle of developing industry and the economic growth. Through the returning industry transfer, the numbers of Institutional entrepreneurs increasing day by day. The basic aim of RIT is to strengthen the growth level of entrepreneurs who then drive more economic growth through their innovative strategies. Returning industry transfer has a positive influence on the growth of institutional entrepreneurs as the skills and capabilities of a traditional entrepreneur can be nurtured, promoted and cultivated with it. RIT is further associated with a number of beneficial outcomes such as higher production levels, skills and knowledge migration across industries, reduced costs, lowered poverty levels and improved entrepreneurial abilities. The objective of this study is to analyze the impact on rural revitalization through returning industry transfer. To do so, the paper considers factors like high technology, entrepreneur, poverty alleviation, rural revitalization. All these factors which result from RIT also have a broader economic impact in the form of long-term growth and development. Returning industry transfer is a driving factor to bring entrepreneurial innovation in an industry. Not only has this but it also enhanced the pace of rural revitalization, poverty reduction, economic development and growth.
    VL  - 4
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Author Information
  • School of Business Department, Zhengzhou University, Zhengzhou, China

  • School of Business Department, Zhengzhou University, Zhengzhou, China

  • School of Business Department, Zhengzhou University, Zhengzhou, China

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