体制剩余：转轨经济学的一个重要范畴

周天勇

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May 2021

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Citation: Tianyong ZHOU. Institution-induced Overage: An Important Terminology of Tansition Economics[J]. Academic Monthly, 2021, 53(4): 45-55. shu

Institution-induced Overage: An Important Terminology of Tansition Economics

Tianyong ZHOU

Abstract

A logical framework and method of quantitative analysis is required for the relationship between institutional reform and economic growth. From the perspective of factor input-output relationship, the idle status, waste and underutilization of resources and factors under the distorted system are observed; and the institutional surplus scale is defined and calculated. The surplus is fully utilized through the dual institutional transition, that is, the reform of market-oriented allocation of resources and factors. This is the growth potential brought about by the reform. This article attempts to propose and define an important category in the transition economics, namely institutional surplus. Due to distorted systems such as household registration system, a huge institutional surplus labor has formed in China’s urban and rural areas, especially the tremendous institutional surplus of land due to the planned allocation of land.
- dual system,
- system distorted,
- institution-induced overage,
- market-oriented reform of elements
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沈阳化工大学材料科学与工程学院沈阳 110142

Institution-induced Overage: An Important Terminology of Tansition Economics

Tianyong ZHOU

Available Online: 2021-04-20

Abstract: A logical framework and method of quantitative analysis is required for the relationship between institutional reform and economic growth. From the perspective of factor input-output relationship, the idle status, waste and underutilization of resources and factors under the distorted system are observed; and the institutional surplus scale is defined and calculated. The surplus is fully utilized through the dual institutional transition, that is, the reform of market-oriented allocation of resources and factors. This is the growth potential brought about by the reform. This article attempts to propose and define an important category in the transition economics, namely institutional surplus. Due to distorted systems such as household registration system, a huge institutional surplus labor has formed in China’s urban and rural areas, especially the tremendous institutional surplus of land due to the planned allocation of land.