The Different Effect Of FDI,Government Investment And Personal Investment To Regional Economic Growth

In the course of the different regional economic growth in China,the capital investment has the very important effect to economic growth.In this paper,we divide the investment's subject into three parts:FDI,government investment and personal investment.As the difference of the invested behavior and aim among the different investment's subject,they have the different effect and relationship with the economy, different typical capital played different roles in the course of economic growth.In this paper, the first part is to analyze the situation and characteristic of FDI,government investment and personal investment.In the theoretical part,we analyze the internal relationship based on the economic growth theory.On the basis of analysis,we propose a model including FDI,government investment and personal investment,then we bring it to the data of east,middle and west part from 1994 to 2008.In the last, according to all the theories and empirical analysis achievements,we propose the policy and advice.Through the theoretical and quantitative empirical analysis,this paper gets three main conelusions:First,in overall,the ratio of FDI,government investment and personal investment in China have different changes in pace with the market economic development.At present,personal investment has the biggest proportion; Second,there are some differences among FDI,government investment and personal investment of east,middle and west part in China.East part attracted more capital because its factor endowment;Third,different region's FDI,government investment and personal investment have different affected pattern and degree to economic growth in China.In the part of the government investment and the personal investment,as to the affected degree,west part is the first,middle part is the second and east part is the third. In the part of the FDI and the human resource, east part is strong than the middle and west part. the middle and west part even have the slightly negative effect,this may because of the policy in China.The middle and west part are rely on some priority policy such as the human resource,taxes and so on to affect the FDI.They engaged in comercial trade industry,this may case the unreasonable of the industry structure.