JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A ›› 2016, Vol. 29 ›› Issue (1): 89-97.DOI: 10.13766/j.bhsk.1008-2204.2014.0356

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Institutional Change and Economic Growth:A Case Study of Eastern and Western Panel Data

LU Wei, GONG Yemao   

  1. Management School, University of Science and Technology of China, Hefei Anhui 230026, China
  • Received:2014-07-22 Online:2016-01-25 Published:2016-01-21

Abstract:

Based on Romer model, the paper develops a four sector endogenous growth model with the restrains of institution and human capital. Eleven eastern and western provincial panel data are selected respectively for the research. The results show that, despite of their difference, non-nationalization rate, opening up and the level of government intervention have a positive effect on economic growth of eastern and western regions generally.

Key words: institutional change, economic growth, endogenous growth, human capital, panel data

CLC Number: