中国式分权、市场化进程与经济增长

本文从理论上阐释了中国式分权影响地区经济增长的内在逻辑，以及市场化进程作为门槛变量影响中国式分权之经济增长效应的理论依据，并基于中国省际层面的门槛面板模型实证检验了市场化进程的门槛效应。实证结果表明：中国式分权和地区市场化进程均正向影响地区经济增长；当市场化进程高于某一门槛值后，中国式分权对经济增长的促进作用会降低。其他各种稳健性检验均表明本文结论具有较强的稳健性。在当前中国经济进入新常态的现实背景下，本文研究结论具有重要的政策含义和现实意义。

Chinese-style Decentralization,Marketization Process and Economic Growth

This article explained the impact of Chinese-style decentralization on regional economic growth from the theoretical logic, as well as the impact of the marketization process as a threshold effect variable on economic growth effect of Chinese-style decentralization, and tested the threshold effect of the marketization process based on a threshold panel model of province-level. Empirical results showed that, Chinese-style decentralization and marketization process had a positive effect on regional economic growth, and the promoting effect of Chinese-style decentralization on economic growth had a downward trend when marketization process was higher than a threshold value. Unanimous conclusions were obtained by various robustness tests. Conclusions in this paper had important theoretical and policy implications in current background of new normal economy in China.