产权制度和契约制度对经济增长效应的研究

By using the provincial panel data of China, the paper examines the relationship between property rights institutions,contracting institutions and economic growth. We use the mortality rate in 1959 as an instrument of property rights institutions, the mineral resource abundance as an instrument of the contract institutions, which effectively overcome the endogenous problems in empirical estimation. The results show that: the effect of strong property rights institution on economic growth is more significant, and the contracting institutions have a very limited effect on economic growth.After controlling for technological progress and human capital accumulation, the effect of property rights institutions are still significant. The results provide policy implications for promoting economic development and reducing regional disparities in our country.?????