论文部分内容阅读
经济增长的制度论尽管得到了广泛的认同,但是依旧缺乏坚实的微观解释基础。本文从交易的角度、以不完全合同理论为出发点、并将制度分层为契约安排与制度环境两个层次来寻求经济增长的微观制度基础。通过修正基本假设,本文首先在Solow模型的框架中导出了经济增长的制度空间,然后分析了契约安排对经济增长的影响,最后分析了制度环境的增长效应。研究发现,由于交易参与者品行上的投机倾向与信息结构上的不完全加之交易标的的专用性就会导致交易冲突;交易发生冲突会塌陷经济增长的平稳大道,从而产生经济增长的制度空间;契约安排的实质是化解交易冲中突的私人秩序治理结构,由特定控制与剩余控制构成,在一定条件下可以压缩制度空间促进经济增长;制度环境本质上是一种信息集与权力结构,通过影响边际交易费用进而改变契约结构来释放增长效应。
Despite its wide acceptance, the institutional theory of economic growth still lacks a solid foundation for micro-interpretation. This article from the transaction point of view, with incomplete contract theory as the starting point, and the system is divided into contractual arrangements and the institutional environment at two levels to seek economic growth based on the micro-system. By amending the basic assumptions, this paper first derives the institutional space of economic growth in the Solow model framework, then analyzes the impact of contractual arrangements on economic growth, and finally analyzes the growth effects of the institutional environment. The research finds that due to the speculation tendency of the participants in the transaction and the incomplete information structure and the special nature of the transaction target, the transaction conflict will result. The conflict of the transaction will collapse the stable avenue of economic growth and create the institutional space for economic growth. The essence of the contractual arrangement is to dissolve the private order governance structure which is bursting in the transaction. It is composed of the specific control and the residual control. Under certain conditions, the institutional space can be compressed to promote economic growth. The institutional environment is essentially an information set and power structure, Affect the marginal transaction costs and thus change the contract structure to release the growth effect.