This paper tries to measure the effect of cooperation on economic growth of both China and Japan by setting up an econometric model. This measuring is based on the basic framework of cooperation economics (Huang shao-an,2000) . The structure of the paper is as follows: The first part introduces the basic idea and analytical methods of cooperation economics; the second part establishes an econometric model for measuring the effect of cooperation on economic growth of both China and Japan; The third part measures degree of cooperation between China and Japan from two dimensions which are political factor and bilateral trade between China and Japan, and lists all the macroeconomic data that the econometric model needs; The fourth part employs the econometric model and the macroeconomic data to calculate the effect of cooperation on economic growth of both China and Japan; the final part is a brief conclusion