关键词: 产权管制, 管制放松, 制度绩效, 经济转轨, 中国奇迹

Abstract: Deregulation of property rights has great effects on the incentive mechanism and behavioral change of resource allocation. Information costs of separate decision constrains government allocating resource of property rights,as a result,the government reduces the domain of resource of property rights allocation and permits the separate individuals who know how to secure the best use of resources of property rights,which can improve the economic transition performance. What's more,deregulation of property rights has prominently affected economic performance,which confirms deregulation is the key contribution factor to the increasing of China's economic transition performance.

Key words: regulation of property rights, deregulation, institution performance, economic transition, China miracle