The report of the Twentieth National Congress of the Communist Party of China stated that China should promote high-quality development, organically implementing a strategy of expanding domestic demand combined with deepening supply-side structural reforms, and enhancing the domestic cycle’s endogenous power and reliability. China’s task is to improve the quality and level of international circulation, accelerate construction of a modern economic system, and promote effective improvement in the economy’s quality and reasonable growth. In the State Council’s executive meeting held on September 7, 2022, it was stated that it will deploy policies to support employment and entrepreneurship, expand employment space, and cultivate and strengthen market players and new drivers of economic development. Entrepreneurship can produce more market players and contribute to expanding employment. Studying the internal driving force behind economic growth has long been an important direction of economic theory research (Zong et al., 2022). This study attempts to clarify economic growth theory’s role in innovation and entrepreneurship in today’s changing environment by reviewing its development and application in the field of entrepreneurship, especially in the innovation-driven entrepreneurship literature.