有效率的产权制度为人们提供了正面的激励，促进了经济增长，所以制度是重要的。
The efficient property orders have offered the positive encouragement for human's behaviors, and enhanced the pace of economic growth, therefore the institution is important.
股票期权只有具备企业产权制度安排的特征时，才能有效地发挥它的激励功能。
Stock options are an effective incentive only when they incorporate the characteristics of enterprise property right system.
产生这些问题的深层次原因是中国目前的土地产权制度缺乏有效的激励机制和约束机制。
The deep reasons causing the problems consist in that the effective encouraging mechanism and restraining mechanism are absent in the land property right system in China at present.
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