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The role of institutional quality and human capital for economic growth across Chinese provinces - a dynamic panel data approach

机译:体育质量和人力资本对中国省市经济增长的作用 - 一种动态面板数据方法

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摘要

There is an ongoing debate within the economic growth and development literature whether institutions or human capital are more important for economic growth. We add further arguments to this discussion by focusing on a particular country, namely China. China is an interesting case study since it is often regarded as an exception by having achieved miraculous growth for more than three decades despite relatively low institutional quality. We employ a dynamic panel data model to analyze the role of improvements in institutional quality and human capital accumulation for the economic success of a province in China over the period 2003 to 2007. Using system GMM estimation, we find that while growth in human capital fosters economic growth all over China, only coastal provinces record a positive effect of institutional improvements on the growth rate of per capita income.
机译:在经济增长和发展文学中,在经济增长方面还有持续的辩论对经济增长更为重要。通过专注于特定国家,即中国,我们为此讨论添加了进一步的论据。中国是一个有趣的案例研究,因为尽管体制相对较低的机构素质,但它经常被占据了三十多年的奇迹的增长。我们采用动态面板数据模型来分析2003年至2007年全省经济成功的机构质量和人力资本积累的作用。使用系统GMM估计,我们发现人类资本抚养人的增长经济增长在中国各地,只有沿海省份记录了体制改善对人均收入增长率的积极影响。

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