中国经济挑战制度经济学?

中国经过20几年的改革实践,GDP以年均超过9%的速度增长,但中国法治与产权保护还很欠缺,这似乎在一些方面挑战现存的制度经济学。制度经济学关注的核心是产权保护与合约执行机制。其实,中国经济在制度资本欠缺的情况下仍能增长的一个重要原因在于其增长所依赖的行业。这就是制造业和服务业的发展对制度环境有着截然不同的制度要求。中国改革实践不但没有挑战制度经济学的核心命题,反倒证实了制度经济学的指导意义。

Is China''''s Economic Growth a Challenge to Institutional Economics?

China's annual GDP growth rate has been over 9% during the 20 years of reforms, despite its deficient legal systems, in particular its lack of property protections. This seems, in a sense, a challenge to the existing institutional economics. The core concern of institutional economics is the mechanism of property protection and contract implementation, while one of the important reasons for China's economic growth against the lack of institutional capital lies in the industries on which economic growth relies. In other words, the development of manufacturing and service industries has totally different requirements in regards to institutional environment. In conclusion, China's reform does not challenge the core statement of institutional economics, but proves the guiding significance of this theory.