摘要：本文界定和阐释了“良性”制度、“非良性”制度、“良性”改革、“非良性”改革及其内生性,强调了避免“非良性”改革的意义;阐释了“开放”的战略意义与和战略意义上“开放”的差异以及战略上开放与策略上开放不相等。策略意义上的开放包括经济、政治、国际治理和文化4个主要维度,具有技术性、相机性和双向性,需要在技术性分析(包括定量分析)等一系列基础性工作的基础上相机抉择和理性选择:是否开放和开放的方面、时机、节奏、力度、对象。相机抉择必须坚持国家利益原则和实力原则。综观国际关系的历史和现实,揭示了“相对越强大的国家越强调自由开放、越弱小的国家越需要保护和谨慎开放”这一规律,提出了强国弱国关系中的“可能定理”和“不可能定理”。国际上成功和失败的案例无不说明认识和运用相应规律和理论原理的重要性。

关键词：“良性”改革；“理性”开放 ；战略开放与策略开放 ；开放规律

Title：On “Benign” Reform and “Rational” Opening in the Process of Modernization

Abstract：This paper defines and explains the “benign” system, “non - benign” system, “benign” reform, “nonbenign” reform and their endogenous nature, and emphasizes the significance of avoiding “nonbenign” reform. This paper explains the difference between the strategic meaning of “opening up” and “opening” in the strategic sense, and the difference between the strategic opening and the opening strategy. Opening in the strategic sense includes four main dimensions: Economy, politics, international governance and culture, and is technical, discretionary and two - way. It requires a series of basic work such as technical analysis (including quantitative analysis) to make an appropriate and rational choice: Whether to open up, aspects of opening up, timing, pace, intensity and object. The principle of national interest and the principle of strength must be adhered to in making discretionary decisions. Taking a comprehensive view of the history and reality of international relations, it reveals the law that “the stronger the country is, the more it emphasizes freedom and openness, while the weaker the more it needs protection and cautious openness", and puts forward the “possible theorem” and “impossible theorem” in the relationship between strong and weak countries. International success and failure cases all show the importance of understanding and applying corresponding laws and theoretical principles.

Key Words： “Benign” reform; “rational” opening up; Strategic opening and opening strategy; Law of opening up

摘要：释放城市土地资源潜力,推动企业技术创新,是实现制造业转型升级的重要抓手。本文以2007～2020年中国沪深A股制造业上市公司为研究样本,系统探讨了地方政府“两手”供地策略对制造企业技术创新的影响效应,并从房地产投资视角分析了两者之间的作用机制。研究发现,地方政府“两手”供地策略对企业技术创新的影响效应具有门槛特征,随着“两手”供地策略力度加大,其影响效应由不显著转变为显著的抑制效应。进一步分析表明,房地产投资在“两手”供地策略与企业技术创新之间发挥完全中介作用,中介效应受经济政策不确定性调节,随着“两手”供地策略力度加大和经济政策不确定性提升,中介效应会逐渐增大。本文为研究地方政府“两手”供地策略与企业技术创新关系提供了新的视角,为优化城市土地资源配置、激发企业技术创新活力提供了经验证据和政策启示。

关键词：“两手”供地策略;企业技术创新;房地产投资;制造业

Title：Local Government ' s " TwoWay " Land Supply Strategy and Technological Innovation of Manufacturing Enterprises—A Perspective Based on Real Estate Investment

Abstract：Unleashing the latent potential of urban land resources and driving technological innovation of enterprises are crucial levers for achieving the transformation and upgrading of the manufacturing industry. Based on panel data of manufacturing enterprises in the A - share market from 2007 to 2020, this paper systematically explores the impact of local government's “two - way” land supply strategy on technological innovation in manufacturing enterprises, and analyzes the interaction mechanism between them from a new perspective based on real estate investment. This paper finds that the impact of local government's “two - way” land supply strategy on technological innovation in enterprises exhibits a significant non - linear threshold feature. With the intensity of “two - way” land supply strategy increasing, its impact shifts from insignificant to significantly inhibitory. Ulteriorly, real estate investment plays a complete intermediary role between “two - way” land supply strategy and technological innovation. The intermediary effect is modulated by economic policy uncertainty, that is, the intermediary effect increases with the intensity of “two - way” land supply strategy and as economic policy uncertainty rises. This paper offers a new perspective on the relationship between local government's “two - way” land supply strategy and enterprise technological innovation, providing empirical evidence and policy insights for optimizing urban land resource allocation and catalyzing vitality in enterprise technological innovation.

Key Words：“Two - Way” Land Supply Strategy; Enterprise Technological Innovation; Real Estate Investment; Manufacturing

摘要：稳定可预期的营商环境是微观市场主体实现可持续成长的重要依托。地方政府信息公开作为塑造稳定可预期营商环境的有效途径,能够规范地方政府权力运行、降低政策不确定性,进而改善企业创新活动所面临的融资环境。基于世界银行中国企业调查数据的研究表明,在政府信息公开水平更高的城市,企业进行创新活动的概率和强度更高。同时,地方政府信息公开的创新促进效应对中小型企业而言更强,但随着地区法治环境的改善而减弱。机制检验表明,地方政府信息公开显著降低了企业制度性交易成本,增加了企业信贷资源可得性,进而改善了企业内部和外部融资环境。上述发现为理解地方政府信息公开的微观经济效应提供了新证据,更为夯实创新驱动发展战略的微观基础提供了政策启示。

关键词： 地方政府信息公开;企业创新;融资环境

Title：Local Government Information Disclosure, Financing Environment and Enterprises' Innovation

Abstract： A stable and predictable business environment is essential for micromarket players to achieve sustainable growth. As an effective way to build a stable and predictable business environment, local government information disclosure (LGID) can improve enterprises' financing environment through standardizing local government power operations and reducing policy uncertainty. Based on China's enterprise survey data provided by the World Bank, the study suggests that in cities with a higher level of LGID, enterprises have a higher probability and intensity of innovation activity. Meanwhile, the innovation - promotion effect of LGID is more substantial for small - and - medium - sized enterprises but weakens with the improvement of the regional legal environment. The mechanism tests show that LGID significantly reduces institutional transaction costs and enhances enterprises’ access to credit resources, thus improving enterprises’ internal and external financing environment. These findings provide new evidence for understanding the micro - economic effects of LGID and policy suggestions for consolidating the micro - foundation of innovation - driven development strategy.

Key Words： Local Government Information Disclosure; Enterprises' Innovation; Financing Environment

摘要：提升企业创新能力需人才与资金双管齐下,故构建以多元主体“政产学研金行介”为核心的创新生态系统评价指标体系,并基于2009～2020年沪深两市上市公司面板数据,实证分析多元主体合作机制及其对企业创新能力的影响。研究发现,多元主体全面协同要以“政产学研合作”为核心,且其对企业研发投入强度及研发人员规模的影响更为显著,但“学”和“研”对企业创新能力的影响均不显著。另外,除了“研”,其他创新主体与“政产学研合作”均具显著的交互作用;且除了“产”和“介”,其他创新主体及政产学研合作与知识产权保护均具显著的交互作用。因此,为稳步延伸政产学研合作范围,实现多元主体全面协同并在企业创新中发挥最大作用,要构建发挥“政产学研”核心作用的政策体系;明确企业技术合作需求,增加研发经费投入;通过有组织的科研,发挥高校与政产学研合作的正向交互作用;推动科研院所充分参与到多元主体协同创新中;通过差异化金融支持,加强金融机构对企业创新的应有作用;提升行业协会在协同创新体系建设中的影响力;发挥科技中介对研发人员投入的积极作用;重视知识产权保护的作用并将其融入多元主体合作体系中。

关键词：多元主体;政产学研金行介;企业创新能力;政产学研合作;上市公司

Title：CanMultiple Subjects Cooperation: Improve the Innovation Ability of Enterprises? — Empirical Analysis Based on Panel Data of Listed Companies in China

Abstract：To enhance the innovation ability of enterprises requires both talent and capital. Therefore, build an innovation ecosystem evaluation index system with multisubject (Government–Industry–University–Research–Finance–Association–Intermediary) as the core. Based on the panel data of listed companies in Shanghai and Shenzhen Stock Exchange from 2009 to 2020, empirically analyze the cooperation mechanism of multiple subjects and its impact on enterprises’ innovation ability. It is found that the comprehensive synergy of multiple subjects should be centered on the cooperation among Government–Industry–University–Research. Multisubject has a more significant impact on the intensity of R & D investment and the scale of R & D personnel. However, the effects of University and Research on the innovation ability of enterprises are not significant. In addition, except for Research, there is a significant interaction between other innovation subjects and Government–Industry–University–Research cooperation on the intensity of R & D investment and the scale of R & D personnel. In addition to Industry and Intermediary, other innovation subjects and Government–Industry–University–Research cooperation have significant interaction with intellectual property protection. Therefore, in order to steadily extend the scope of Government–Industry–University–Research cooperation, realize the comprehensive coordination of multiple subjects and play its maximum role in enterprise innovation, it is necessary to build a policy system that plays the core role of Government–Industry–University–Research. And identify the technical cooperation needs of enterprises and increase the investment of R & D funds. Through organized scientific research, the positive interaction between universities and government–industry–university–research cooperation could be brought into play. Promote research institutes to fully participate in the collaborative innovation of multiple subjects. Through differentiated financial support, strengthen the due role of financial institutions in enterprise innovation. Enhance the influence of industry associations in the construction of collaborative innovation system. Give full play to the positive role of science and technology intermediaries in investing in R & D personnel. Attach importance to the role of intellectual property protection and integrate it into the multi - subject cooperation system.

Key Words：Multiple Subjects; Government–Industry–University–Research; Finance; Association; Intermediary; Enterprise Innovation Ability; Government–Industry–University–Research Cooperation; Listed Company

摘要：数字技术是科技革命和产业变革的先机,是企业高质量发展的核心驱动力。本文旨在探究作为国家知识产权司法保护改革代表性政策的知识产权法院的设立,是否能够提升企业数字技术创新水平,并假设:知识产权司法保护有助于激励企业数字技术创新,且该影响会通过金融发展和法治环境产生不同作用。为检验上述假设,本文以2008～2021年中国上市公司为观测样本,基于双重差分模型实证检验了知识产权法院设立对企业数字技术创新的内在影响和作用机制。结果发现:首先,知识产权法院的设立能够显著激励企业开展数字技术创新活动,提升企业数字技术创新水平;其次,知识产权法院能够通过改善地区金融发展水平和法治环境,以进一步激励企业数字技术创新;最后,异质性结果表明,知识产权法院的设立对不同产权、不同行业、不同数字创新能力以及不同规模企业的影响存在显著差异。

关键词：知识产权;数字技术;司法保护

Title：Intellectual Property Judicial Protection and Digital Technology Innovation of Enterprise—Empirical Evidence Based on the Establishment of Intellectual Property Court

Abstract：Digital technology is the vanguard of the technological revolution and industrial transformation, serving as the core driving force behind high - quality enterprise development. This paper aims to explore whether the establishment of Intellectual Property Courts, as a representative policy of national judicial protection reform for intellectual property rights, can enhance the level of digital technology innovation within enterprises. It hypothesizes that judicial protection of intellectual property rights can motivate digital technological innovation in enterprises, and that this influence may vary when mediated by financial development and the legal environment. To test these assumptions, the paper uses listed Chinese companies from 2008 to 2021 as observation samples. Employing a difference - in - differences model, it empirically examines the intrinsic impact and mechanisms of the establishment of Intellectual Property Courts on digital technological innovation in enterprises. The results reveal that, firstly, the establishment of Intellectual Property Courts significantly encourages enterprises to engage in digital technological innovation, enhancing their levels of innovation. Secondly, Intellectual Property Courts can further stimulate digital technological innovation by ameliorating deficiencies in regional financial development and the legal environment. Lastly, heterogeneous outcomes indicate that the impact of the establishment of Intellectual Property Courts differs significantly across enterprises with different ownership and industry characteristics, digital innovation capabilities, and sizes.

Key Words： Intellectual Property; Digital Technology; Judicial Protection

摘要：基于2008～2022年省级面板数据,重点研究双向FDI协同对我国技术创新模式的影响。首先评价双向FDI协同的技术创新效应以及制度质量的调节效应,其次分析“一带一路”背景下双向FDI协同对不同技术创新模式的影响以及制度质量的调节效应。结果发现:(1)双向FDI协同显著促进我国自主创新与模仿创新,经过一系列稳健性检验结论依然成立,基于不同异质性特征该结论具有一定差异;(2)知识产权保护和制度环境对双向FDI协同影响自主创新与模仿创新均表现为正向调节作用;(3)“一带一路”背景下双向FDI协同提高我国自主创新与模仿创新以及制度质量的正向调节作用成立。

关键词：双向FDI协同;制度质量;自主创新;模仿创新

Title：Two-Way FDI Synergy, Institutional Quality and Technological Innovation Models—An Analysis Based on Provincial Panel Data

Abstract：Based on the provincial panel data from 2008 to 2022, this paper focuses on the impact of two-way FDI synergy on China’s technological innovation mode. It first evaluates the technological innovation effect of two-way FDI synergy and the regulating effect of institutional quality, and then analyzes the impact of two-way FDI synergy on different technological innovation modes under the background of "Belt and Road" and the regulating effect of institutional quality. The results show that: (1) Two-way FDI synergy significantly promotes China's independent innovation and imitation innovation, and the conclusion remains valid after a series of robustness tests, with some differences based on different heterogeneous characteristics; (2) Intellectual property protection and institutional environment have a positive moderating effect on two-way FDI synergy affecting independent innovation and imitation innovation; (3) The positive moderating effect of two-way FDI in improving China's independent innovation and imitation innovation, as well as institutional quality in the context of "One Belt, One Road", is valid; (4) The impact of two-way FDI on China's technological innovation model is heterogeneous, and the moderating effect of intellectual property protection and institutional environment on it differs.

Key Words： Two-way FDI; Institutional quality; Independent innovation; Imitation innovation

摘要：提升上市企业环境信息披露质量是我国实现“双碳”目标的制度安排,而绿色基金持股情况是衡量企业环境信息披露质量的重要指标。本文以2009～2022年A股制造业上市企业为研究对象,运用双向固定效应模型,实证检验绿色基金持股对企业环境信息披露质量的影响效果。研究发现:(1)绿色基金持股能够显著提升企业环境信息披露质量,并通过系列内生性与稳健性检验;(2)媒体关注度与审计质量能够提升企业社会责任和财务信息的透明度,在绿色基金持股和企业环境信息披露质量之间存在显著的正向调节作用;(3)绿色基金持股对大规模、非国有控股企业环境信息披露质量的促进作用更加突出,存在显著的企业异质性。鉴于此,优化绿色基金顶层设计、发挥社会监督重要作用、提升环境信息服务水平与加强企业环境责任意识等措施将助力制造业上市企业绿色高质量发展。

关键词：绿色基金持股;企业环境信息披露质量;社会责任

Title：Can Green Fund Holdings Improve the Quality of Environmental Information Disclosure of Enterprises under the Perspective of Institutional Constraints?—Take A Share Listed Manufacturing Enterprises as Samples

Abstract：Improving the quality of environmental information disclosure of listed enterprises is an institutional arrangement for China to realize the goal of “double - carbon”. While the shareholding of green funds is an important factor to measure the quality of corporate environmental information disclosure. This paper takes A share listed manufacturing enterprises from 2009 to 2022 as the research object, and empirically examines the effect of green fund shareholding on the quality of corporate environmental information disclosure by using a two - way fixed - effect model. The study finds that: (1) The green fund shareholding can significantly enhance the quality of corporate environmental information disclosure and passes a series of endogeneity and robustness tests. (2) Media attention and audit quality enhance the transparency of corporate social responsibility and financial information, and there is a significant positive moderating effect between green fund shareholding and corporate environmental information disclosure quality. (3) The green fund shareholding promotes the quality of environmental information disclosure of large - scale, non - state - controlled enterprises more prominently, and there is significant enterprise heterogeneity. Therefore, optimizing the top - level design of the green fund, playing an important role in social supervision, upgrading the level of environmental information services, and strengthening the awareness of corporate environmental responsibility will help the green and high - quality development of listed enterprises in the manufacturing industry.

Key Words：Green Fund Holdings; Enterprise Environmental Disclosure Quality; Social Responsibility

摘要：文章以2006年全国取消农业税作为地方政府财政压力变化的准自然实验,基于校准后的全球夜间灯光影像界定中国的县域城市面积,运用强度双重差分法实证检验地方政府的财政压力对县域城市扩张的影响。研究结果表明,取消农业税后,受到财政冲击更大的县,县域城市范围扩张更快。从动态效果来看,财政压力对城市扩张的正向影响效果随着时间的推移逐渐增强。机制研究表明,县级政府在损失了农业税基而服务业基础薄弱的前提下存在工业增长偏好。具体而言,县级政府通过做大在位的工业企业和招商引资吸引新企业两种途径增加工业用地出让,由此产生了扩展城市空间的结果。进一步研究证实,地方政府在财政压力下快速扩展城市空间的做法显著降低了城市土地利用效率,不利于实现城市土地的集约化利用目标。本研究对于经济高质量发展阶段推进以县城为载体的新型城镇化建设具有一定借鉴意义。

关键词：取消农业税改革;财政压力;县域城市扩张

Title：Local Fiscal Pressure and County - Level Urban Spatial Expansion—From A Quasi  Natural Experiment of Abolition of Agricultural Tax Reform

Abstract：Identifying the relationship between local fiscal pressure and urban spatial expansion is an important question in new urbanization construction. Based on the data of urbanized area extracted from the calibrated global nighttime light image, this paper examines how the county governments switch to urban spatial expansion under an exogenous fiscal shock of the abolition of agricultural tax in 2005 nationally. The empirical results show that the urbanized area of counties with higher fiscal pressure expands more rapidly in an outward direction. On the dynamic trends of the impact, the positive urban spatial expansion impacts driven by local fiscal pressure are greater year by year after the reform. The influence mechanism test shows that county governments switched to operate the city by selling more industrial lands when they lost the important agricultural tax with a weak foundation of the service sector. County governments could sell more industrial lands to expand the city by both boosting the incumbent firms to expand their sizes and attracting new businesses. Further analysis shows that rapid urban spatial expansion driven by the fiscal pressure of county government causes low - efficiency urban land use and is harmful to the goal of intensive land use. This paper can exert certain guidance for urban spatial expansion of small cities under the new era of high - quality economic development.

Key Words： Abolition of Agricultural Tax Reform; Fiscal Pressure; Urban Spatial Expansion

摘要：促进农民增收是扎实推动共同富裕的客观要求,农村土地“三权分置”对农户收入具有重要影响。在厘清农村土地“三权分置”影响农户家庭收入及家庭收入构成中经营性、工资性、财产性、转移性收入的内在机理的基础上,构建PSMDID模型进行实证检验发现:(1)农村土地“三权分置”对农户家庭收入具有显著促进作用,主要成因是促进了农户经营性收入和财产性收入增长,抑制了农户转移性收入增长,对工资性收入具有遮掩效应,从整体上看对工资性收入的促进作用不显著;(2)农村土地转出是农村土地“三权分置”发挥增收作用的中介途径,对家庭收入及家庭收入构成中各项收入都有中介作用;(3)农村土地“三权分置”对经济发展水平、地形起伏情况及土地资源禀赋不同地区的农户家庭收入及各项收入具有异质性影响。为此,应通过协调推进农村各项改革、完善农村土地流转市场、因地制宜深化农村土地“三权分置”改革等措施促进农民收入增长。

关键词：三权分置;土地流转;收入增长

Title：Does the “Separation of Three Rights” of Rural Land Increase the Income of Farmers?—Empirical Test Based on CFPS Data

Abstract： Promoting the increase of farmers' income is an objective requirement for solidly promoting common prosperity, and the “separation of three rights” of rural land has an important impact on the income of farmers. On the basis of clarifying the internal mechanisms of the impact of the “three rights separation” of rural land on household income and the composition of household income in terms of business, wage, property, and transfer income, a PSM - DID model was constructed for empirical testing. It was found that: (1) the “three rights separation” of rural land has a significant promoting effect on household income, mainly due to promoting the growth of household business and property income, suppressing the growth of household transfer income, and having a masking effect on wage income. Overall, the promoting effect on wage income is not significant. (2) The transfer of rural land is an intermediary way for the separation of the three rights of rural land to play a role in increasing income, and has an intermediary effect on household income and various income components. (3) The “three rights separation” of rural land has heterogeneous effects on the income and various income of rural households in different regions with varying levels of economic development, terrain fluctuations, and land resource endowments. To this end, measures such as coordinating and promoting various reforms in rural areas, improving the rural land transfer market, and deepening the “three rights separation” reform of rural land according to local conditions should be taken to promote the growth of farmers' income.

Key Words：Separation of Three Rights; Land Transfer; Income Growth

摘要： 根据我国《反垄断法》规定,反垄断执法机构对垄断经营者应没收违法所得,并处以罚款。但在执法实践中,没收违法所得的适用率不足10%,原因在于违法所得的计算原则不统一,计算标准不明确。因此,如何科学计算垄断企业的违法所得,已成为现阶段反垄断执法工作的重点和难点。囿于现实反垄断执法困境,运用反事实思维构建古诺模型,模拟未发生垄断行为的市场状态,探讨反垄断违法所得的计算方法。通过对比反事实市场与现实垄断状态下的市场发现,企业实施垄断行为都会产生违法所得,且违法所得与知识产权、自然垄断等情形所产生的超额利润无关。分析结果为反垄断执法机构“应没尽没”的处罚方针提供了理论依据。通过分析上海某药企不公平高价案的案例,对违法所得的计算方法进行检验,发现构建反事实模型计算出的具体数额与实际违法所得数额接近,提出可供反垄断执法机构参考的反垄断违法所得计算原则及方法。由此得出的研究结论对于优化反垄断执法中没收违法所得的计算方法,更好地维护市场公平竞争具有重要的现实意义。

关键词：反垄断;没收违法所得;反事实思维;古诺模型

Title：Research on the Calculation Method of Illegal Gains in China's Antitrust Enforcement

Abstract：According to the AntiMonopoly Law, the antimonopoly law enforcement agency shall confiscate the illegal gains of the monopoly operator and impose a fine. However, in law enforcement practice, the application rate of confiscation of illegal gains is less than 10%, because the calculation principles of illegal gains are not uniform and the calculation standards are not clear. Therefore, how to scientifically calculate the illegal income of monopoly enterprises has become the focus and difficulty of antimonopoly law enforcement at this stage. There is the counterfactual thinking analysis method, and this paper discusses the calculation standard of the amount of antimonopoly illegal income by constructing the Cournot model. By comparing the product prices and manufacturer profits of the simulated market when the monopolistic behavior did not occur and the real monopoly continuous market, it is found that the monopolistic behavior of enterprises has illegal gains. Moreover, the specific amount of illegal gains has nothing to do with the excess profits generated by intellectual property rights, natural monopolies, etc. The analysis results provide a theoretical basis for the punishment policy of law enforcement agencies. Based on the monopoly case of a pharmaceutical company in Shanghai, it is found that the calculated amount of the counterfactual thinking analysis model is similar to the actual amount of illegal gains, and the principles and methods for calculating the illegal gains of the antimonopoly law enforcement department are proposed. Therefore, the conclusions are of great practical significance for how to optimize the calculation method of the illegal income of the enterprises involved in the case in antimonopoly law enforcement and better maintain fair competition in the market.

Key Words：Antimonopoly; Confiscation of Illegal Gains; Counterfactual Thinking; Cournot Model

摘要： 参与全球治理是国家重要的对外职能。通过参与全球治理,国家可以增强自身的国际地位与影响力,改善与其他国家的关系,从而为本国的发展创造良好的外部环境,促进国家利益的实现。但是,基于资源的稀缺性假设,在一定时期内国家可利用的资源总量构成了国家的预算约束,国家在参与全球治理的过程中进行的资源投入将在一定程度上对国内发展方面的投入产生“挤出效应”。这就涉及国家参与全球治理是否存在一个适宜度的问题。本文在罗默内生增长模型的基础上,构建了一个包含有政府部门的开放经济体的内生经济增长模型,通过求解模型的竞争性均衡,对开放经济体参与全球治理的适宜度进行了理论分析,从经济增长理论的视角证明了经济体参与全球治理的必要性、适宜度的存在性和唯一性。

关键词： 全球治理;适宜度;内生增长模型

Title：On the Existence of the Suitability of National Participation in Global Governance—Analysis Based on Romer's Endogenous Growth Model

Abstract： Participating in global governance is an important external function of a country.By participating in global governance, countries can enhance their international status and influence, improve their relationships with other countries, and create a favorable external environment for their own development, promoting the realization of national interests. However, based on the assumption of resource scarcity, the total amount of resources available to a country during a certain period constitutes a budget constraint, and the resource investment made by a country in participating in global governance will to some extent have a “crowding out effect” on domestic development investment. This involves the question of whether there is a suitability for countries to participate in global governance. Based on the Romer (1990) model, this article constructs an endogenous economic growth model for open economies with government departments. By solving the competitive equilibrium of the model, the suitability of open economies to participate in global governance is theoretically analyzed. From the perspective of economic growth theory, the necessity, existence, and uniqueness of economic participation in global governance are proved.

Key Words：Global Governance; Suitability; Endogenous Growth Model