Study On The Influence Of China's Economic System Vicissitudes To Economic Growth

Starting from the practice of economic system change and economic growth since the founding of the people's Republic of China,this paper analyzes the impact of China's economic institutional change on economic growth.Through the analysis of the new classical growth theory and endogenous growth theory which are introducied institutional variables,it is shown that on the balanced growth path of the institutional exogenous growth model,the increase of the rate of institutional change can increase the growth rate of total output and labor average output on the balanced growth path,on the contrary,when the system stops changing.The growth rate of the total social output and the average output of labor on the balanced growth path will be derived from the rate of labor growth and the rate of technological progress,and the system of endogenous economic growth also shows that the system is an important factor affecting economic growth,and a good system is one of the main driving forces to promote economic growth,while the poor system is through In addition,there must be a coordinated advance between institutional change and technological progress in order to promote economic development,otherwise,it will have a negative impact on economic growth.Through the analysis of the basic situation of economic development and the transition process of economic system since the founding of China,it is found that the different performance of China's economic growth in the two periods before and after the reform and opening up is closely related to the economic system changes in the corresponding period and the way and way of policy decision.Degree and quality as well as the degree of economic fluctuation have a very important influence.This paper selects and designs the variable of economic system change from the three aspects of property rights,the government's degree of economic intervention and the degree of opening to the outside world,and uses vector error correction model(VECM)with the variables of capital accumulation,labor force increase and technological progress to analyze the variables of economic system change.The effect on economic growth.The test found that,in the long run,there is a stable positive correlation between economic system change,capital accumulation and technological progress and economic growth.The elastic coefficients of the three are 1.02,0.77 and 0.02 respectively,while the increase of labor force has a negative effect on economic growth,and the elasticity coefficient is-0.36;in the short term,the economic system is the economic system.There is a significant two-way Grainger causality between degree change and capital accumulation and economic growth,while the technical level and economic growth have a non significant two-way Grainger causality,and there is no significant Grainger causality between the increase of labor force and the economic growth.According to the results of the empirical analysis,the following suggestions are given in this paper:(1)to deepen the reform of all aspects of the institutional mechanism centered on economic system reform,adhere to the market-oriented direction of the reform of the economic system,and accelerate the improvement and improvement of the socialist market economy system.(2)promote the reform of ownership structure actively,adhere to the orientation of the ownership structure reform on the premise of public ownership,form a situation of coexistence and coordinated development of various ownership systems,clear the definition of property rights,strengthen the protection of property rights,and fully release the change of property right system and the reform of ownership structure to the market owners The economic incentive effect of the body.(3)continue to adhere to and vigorously promote opening to the outside world,actively expand the open pattern of opening to the outside world,strive to improve the level of opening to the outside world,fully open up and use the international market to create a good external environment for sustained and rapid economic development.(4)accelerate the reform of the science and technology system,accelerate the construction of an innovative country,improve the ability of scientific and technological innovation,and transform the productivity of scientific and technological achievements.(5)to speed up the reform of the educational system,increase the investment in education,especially the investment in basic education and vocational education,and strive to improve the quality of labor and professional skills.