Institutional Analysis Of China's Regional Economic Growth Differences

Regional differences in economic growth, the study of problems of great practical significance. After the reforms, China is facing rapid economic growth and inter-regional differences in economic growth to gradually increase the real problem. The miracle of China's economic growth, attracting a large number of domestic and foreign scholars, is now the main research of Economic Growth direct drivers of economic growth, supply factors such as research, technological innovation, economic structure, and other factors on economic growth, while ignoring the root cause of China's economic growth research. New Institutional Economics research results show that the system is the fundamental driving force of economic growth. Institutional Economics into the system of formal and informal system of two aspects. Further analysis of these two aspects were differences in regional economic growth in China have very important practical significance.First, from the perspective of the country since the reform and opening up economic growth in central and western analysis of the reality of differences. In order to more easily facilitate the accurate analysis system for regional differences in economic growth, analysis of the impact of formal and informal, respectively, the system from two aspects, the choice in the analysis of data on the use of a Western economic characteristics and walking in the economic development of Yunnan Province forefront of Zhejiang Province, and through statistical data on economic growth differences between the two provinces were compared.Formal system in the analysis of the impact on economic growth, through the national macroeconomic policies and economic environment where both its own analysis. The country's reform and opening up a series of favorable economic growth for East policy has led to widening gap between regions. However, through the local economic environment for its own analysis, the same policies in different parts of the implementation are also differences, of which there is the impact of the informal system. Informal system is an important component of the system, differences in economic growth has important implications. By Zhejiang, Yunnan simple sort of informal institutional development, respectively, from cultural traditions, ideologies, values and other aspects of differences in economic growth analysis.Through the above analysis, the formal and informal institutions on the importance of economic growth, and then separately from the formal and informal system of two further narrowing regional differences in economic growth made the system recommendations.