Research Of The Effects Of The Fixed Asset Investment In Metropolises

The surge of metropolises is increasingly more critical to the development of national economy as well as regional economy,as China’s economy and society achieves milestones.Fixed asset investment,as a main tool to drive the development of economy,plays a substantial role in the boom of metropolises.Fixed asset investment,as a main method of capital cumulation,functions as a catalyst for the prosperity.It is one of the primary methods for the officials to achieve the scheduled goals and to improve macro-economic regulation.The function mechanism of fixed asset investment in economy has recently created a heated discussion in academic field.The current research related to the function of fixed asset investment in economy has the following deficiencies: First,systematic research on regional fixed asset investment is poor;second,current literatures focus mainly on the function to economy development by country,while research on the function of economy by city is substantially limited;third,there are few analysis nor quantification of the effect of industrial upgrading to metrompolises’ development;moreover,feasible and construction suggestions base on empirical results and cases overseas are limited for decision making.The kernel topic of this paper is to do theorical and empirical analysis on the mechanism of function and transmission between fixed asset investment and metropolises’ development,based on related theories and thecases of metropolises overseas.The role of government in the operation of fixed asset investment is also analyzed.Beijing,Shanghai,Guangzhou,Shenzhen are introduced as objective China’s metropolises for illustration.Finally feasible suggestions are given for regulation of fixed asset investment to boost metropolises’ development.The paper is organized as below:1)Introduction: introduce the background and current research on the topic,establish the methods and list innovations and deficiencies of this paper;2)Literature Review: review current literature related with definition and development goals of metropolisis,the function of fixed asset investment to economy,the relationship among government,investment and economy,then bring the innovations for this paper;3)Definition and description of current status of metropolises: review the definition of metropolises by researchers domestically and overseas,describe and evaluate the development level of metropolises,propose goals for the development of metropolises based on the theoretical aspect of inspiration of metropolisis,combing cases inland and overseas;4)Theorical Analysis: analyze function mechanism of fixed asset investment to metropolisis development theoretically;5)International cases: illustrate the effect of fixed asset investment on the rise and future plan of metropolisis using London,New York City,Tokyo,Rio de Janeiro as examples,from prospects of infrastructure construction,PPP(Public-Private Partnership)Mode,the development of real estate,industrial upgrading;6)Emperical Anlysis: explore the relationship among fixed asset investment,metropolisis development,with HP Filter,VAR,analyse the effiency of fixed asset investment in boosting metropolisis development.Beijing,Shanghai,Guangzhou,Shenzhen are used as objectives,while Xining and Lanzhou are introduced as benchmarks;7)Government Role: analyze function of government operation in fixed asset investment to boost metropolisis development,based on current cases of officials regulation;8)Conclusions and Discussions: make conclusions and evaluations of this paper,and bring several result-oriented suggestions for the regulation of fixed asset investment and metropolisis development.