Infrastructure Investment And Economic Development Efficiency Of China

Both Marxist capital investment theory and contemporary capital investment theory reveal the importance of infrastructure investment for the efficiency of economic development.Infrastructure has been an important basic material condition for the economic development of all countries in the world since ancient times.In particular,the current central government's further proposed "new infrastructure" strategic decision is of greater significance to the promotion of contemporary China's economic and social development.Therefore,the relationship between China's infrastructure investment and economic development efficiency,especially the research on how China's infrastructure investment promotes economic development efficiency,is very important and necessary.However,for a long time,although the academic circle has paid attention to the problem of infrastructure investment promoting economic development efficiency,it is limited to the research on the impact of infrastructure investment on the expansion of economic growth,and it is often explained by the investment theories of Western scholars.There is a lack of research on the qualitative improvement of economic development,and there are even major academic differences in the existing research results.There are few research results on the connotation,mechanism and positive effects of China's infrastructure investment in promoting economic development efficiency.If you do not understand the issues related to the efficiency of China's infrastructure investment in promoting economic development,you will not be able to correctly understand the importance of "new infrastructure" and make correct decisions either.Throughout historical experience,infrastructure investment has played a positive role in the efficiency of China's economic development that cannot be ignored.Therefore,the research on China's infrastructure investment and economic development efficiency is of great significance to adhere to and use Marx's capital and investment theory and to learn from contemporary capital and investment theories,to summarize historical experience,learn from the experience of other countries,and clarify the theoretical differences;To understand the connotation,mechanism,conditions,influencing factors,practical problems and contradictions of China's infrastructure investment in promoting economic development efficiency,new changes and new requirements in the contemporary world structure,etc.,in order to better Serving the modernization construction is of great significance;at the same time,it is also of great significance for handling the many relationships between China's infrastructure investment and economic development efficiency,contributing China's experience and Chinese solutions to the people of the world,and advancing the construction of " A community of shared future for mankind."Infrastructure investment is a long-term practice of human social and economic activities.Although people have long been aware of the relationship between infrastructure investment and economic development,and consciously or unconsciously are involved in the process of infrastructure investment promoting economic development,but in China's long-term feudal system,and the old China before the founding of new China Under the constraints of relatively backward productivity,especially under the constraints of unreasonable production relations,the lack of infrastructure investment has made economic development extremely inefficient.The extremely low economic development efficiency,in turn,has reduced the efficiency of infrastructure investment.Infrastructure investment plays an indispensable role in promoting the efficiency of economic development.China's infrastructure investment has played a very powerful role in ensuring the efficiency of economic development.The theory of infrastructure investment is developed in practice.With the rise of Keynesianism in the 1930 s,infrastructure investment as an important part of government expenditure has gradually become a research topic that has attracted much attention.Scholars at home and abroad have few research results on infrastructure investment and economic development efficiency,and many of the results are not directly related,but they have done useful work in the following areas.For example,although the neoclassical economic growth theory believes that the impact of capital expansion on economic growth is short-term and limited,it shows that infrastructure investment can increase the stock of social capital and increase output.The modern endogenous growth model shows that private capital can obtain the spillover effect of infrastructure public goods,which can increase long-term economic growth.However,the crowdedness of public goods will affect the effect of public goods on economic growth,resulting in a multiplier effect or a multiplier effect.Western scholars also use mathematical methods to demonstrate the relationship between infrastructure investment and returns.In addition,Western economists have studied and demonstrated the economic effects of infrastructure investment from the perspective of the relationship between infrastructure investment and economic growth,but they have not really conducted systematic research on the quality improvement and benefit improvement of economic development.Most of the research results of Chinese scholars are based on Western theories and related methods,focusing on the interactive relationship between infrastructure investment and land finance,the impact of local governments on infrastructure investment,the economic effects of transportation infrastructure investment,and different Comparison of the economic effects of infrastructure investment and other aspects.China's infrastructure investment has gone through a long-term process.After the Qing government was overthrown,from 1911 to 1927,especially in the old China ruled by the Nationalist government,it was in a state of social turmoil and warlords,and infrastructure investment was stagnant.In the early days of the founding of New China,and even during the planned economy period,infrastructure investment played a vital role in stabilizing the country's political power and rapidly establishing an industrialized system.Infrastructure investment after reform and opening is very different from before.At this time,infrastructure investment was concentrated in the field of economic construction,with the focus on civilian use and further economic development.Starting from the reform and opening in 1978,the focus of the work of the whole party and the country shifted to centering on economic construction.Since then,China has experienced rapid economic growth for more than 30 years.During this period,infrastructure investment has played a leading role in promoting the development of the entire national economy.In particular,the convening of the “18th National Congress of the Communist Party of China” in 2012 and the convening of the “19th National Congress of the Communist Party of China” in October 2017 put forward a new concept of economic development,which indicated that we should further handle the relationship between infrastructure investment and economic development efficiency.Up the direction.China's infrastructure investment has a strong correlation with the efficiency of economic development.With the increase in infrastructure investment,the economy will show a growth trend,indicating that economic growth is not only positively correlated with infrastructure investment,but also that they are basically linear and highly correlated.However,the actual value of GDP has shown a clear increasing trend with the increase of infrastructure investment,and the relevance is self-evident.This phenomenon is in full compliance with the law of actual economic development.In short,whether from the analysis of China's infrastructure investment projects,investment structure,investment and financing system,or other aspects,it shows that China's infrastructure investment is closely related to China's economic development efficiency.The empirical evidence also supports that China's infrastructure investment is of great significance in promoting the efficiency of economic development.From the analysis of the use of mathematical models to promote the economic development efficiency of China's infrastructure investment scale,investment structure and investment system formation,overall,it shows that China's infrastructure investment does have a positive role in promoting economic development efficiency.But in terms of specific areas,increasing the scale of infrastructure investment can steadily increase the efficiency of economic development and contribute to the steady development of China's economy.At the same time,the improvement of China's infrastructure investment structure is directly proportional to the efficiency of economic development,and the complexity of investment diversification increases,so does the efficiency of economic development.In addition,the improvement and stability of China's infrastructure investment system will promote the steady growth of economic development efficiency.These conclusions once again illustrate the theoretical correctness of the economic benefits of Marxist capital investment industries.They not only support and confirm the theoretical view that infrastructure investment will affect economic growth,but also help to eliminate theoretical differences in this regard,and are also helpful Promoting the high-quality development of China's economy has certain decision-making reference value.The positive effect of infrastructure investment in countries along the “Belt and Road”,including China,on the efficiency of economic development has proved the correctness of China's infrastructure to promote the efficiency of economic development in a general sense.As China's economic development moves closer to the center of the world economic arena,we must combine China's experience with the experience of other countries from a global perspective,and further consider the role of China's infrastructure investment in promoting economic efficiency in the context of international opening up.The investigation of the role of infrastructure investment and economic development efficiency in the countries along “the Belt and Road Initiatives” is also a new perspective,and it is also of great significance.We must pay attention to the future of China's infrastructure construction to promote the efficiency of economic development.A series of changes will take place in the situation of China's infrastructure investment to promote the efficiency of economic development.This is also what we must pay attention to.The process of China's infrastructure investment to promote economic efficiency is a huge and systematic project.This project has made great contributions to China's economic and social development not only in history,but also in reality.It is our inevitable choice to continue to promote the great project of China's infrastructure investment to promote the efficiency of economic development on the existing basis.According to the research conclusions,combining the reality of China and the world and focusing on future development trends,the following countermeasures should be adopted: unswervingly promote China's infrastructure investment to promote economic development efficiency;further strengthen the reform of the investment and financing system,and mobilize all positive factors,To promote the efficiency of economic development and create better financial conditions for China's infrastructure investment;focus on infrastructure investment related to the national economy and people's livelihood to consolidate the foundation of economic development efficiency;vigorously promote high-tech represented by artificial intelligence,the Internet,and big data In order to improve the efficiency of economic development faster and better;vigorously promote green investment in China's infrastructure to achieve the improvement of high-quality economic development efficiency;try to prevent and control China's infrastructure investment to promote economic development efficiency in the process Risk;to form an international alliance that uses infrastructure investment to promote the efficiency of economic development.