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The Effect Of Investment Structure On Industrial Structure-the Empirical Analysis From China

Posted on:2008-03-26Degree:MasterType:Thesis
Country:ChinaCandidate:J ChenFull Text:PDF
GTID:2189360215952347Subject:Quantitative Economics
Abstract/Summary:PDF Full Text Request
The overall efficiency of a country's national economy depends on whether the economic structure is reasonable to a large extent, and industrial structure is the core of the economic structure, the impact of which on economic growth is the largest. Whether the industrial structure is reasonable has an important impact on a country's economic development and growth, the overall effectiveness and efficiency in the use of resources. When the industrial structure is in certain, the reconfiguration of existing assets in the portfolio could be used to achieve changes. However, this method is very limited. In long term, the investment structure is inseparable from the rationalization of the industrial structure adjustment. Any existed industrial structure is formed by the past investment, and the industrial structure of the future is decided by present investment in turn, the advance of industrial structure goes with adjustment of investment structure. The distortion of investment structure will lead to the irrationality of industrial structure. Therefore, it' s meaningful to study how the changes of investment structure promotes the optimization and upgrading of the industrial structure, as well as the adjustment direction of the investment structure in China.Therefore, this paper drew extensively on the domestic and foreign research results, based on the optimization theory of industrial investment and the present condition of investment and industrial structure in China, we study the relationship of them in system, and then present the countermeasures of optimizing industry investment of our country, which is great meaningful to the optimization and upgrading of industrial structure and economy growth.There are five chapters of this paper, as follows:Chapter One , introduction, introduced background and significance of the study ,domestic and international research, clue, framework and basic contents of the study.Chapter Two, summary of the theory of industrial structure and industrial investment. This chapter describes the basic theory of the structure of industrial and investment industries, including industrial concept , the formation of the theory of industrial structure and development of industries related to the concept of investment, industrial investment and industrial structure of the association. optimize investment structure of the industry standard. The research laid a solid foundation in theory.Chapter Three, make an analysis of the overall situation of industrial structure and investment structure since the 1990s to the 20th century in China, point out the bias between them, and analyze the internal investment structure of the tertiary industry in three aspects, classified it by factor-intensive and services sectors respectively, the writer analyzes the investment direction of the tertiary industry deeply, explore the rationality of internal investment structure.Chapter Four, analyze the relationship of investment structure and industrial structure using the gray correlation theory, pointing out that the tertiary industry is the key to economic development of China, which should be the focus of investments. Although the first industry is not the focus of investment, it should maintain its healthy development as the foundation of the national economy; The second industry has a great potential of development, and the development is most significant if funds is abundant, In this part, the paper calculates the growth of investment and output using the cointegration theory further. It verifies that the first industry is an independent part but not dependent on the investment, It has the ability of self-development. The effectiveness of investment in the tertiary industry is better than the first industry. Increase investment in the tertiary industry will promote the development of the tertiary industry, and change the condition of China's industrial structure. Then analyzed the efficiency of investment in three industries, calculated the growth rate of investment and output, and the marginal efficiency of capital, verifying that low investment efficiency of the first and tertiary industries, it should increase the investment, improve the internal efficiency of investment in order to optimize the overall industrial structure of investment.Chapter Five, China's industrial investment structure and optimize the structure of the policy proposals. China's industrial internal unreasonable investment structure, investment in the primary industry, a single investment. In industrial investment, internal investment structure errors in the equipment manufacturing industry as the national economy. low proportion of their investment in industry, a serious shortage of investment. Investment in the tertiary industry structure is not very reasonable. Because of the capital-intensive sectors (mostly new services with high technological content) inadequate investment, Third-based industries to invest in the internal structure, investment in traditional industries are relatively large, modern, the comparatively small proportion of high-tech industries structural trends. Although the type of investment services to final demand is growing faster, but the investment is relatively small, at a lower level. Three internal investment structure is irrational industrial structure and lead to industrial investment between industrial errors Therefore, adjusting the internal structure of investment for the promotion of China's three industries to optimize and upgrade the industrial structure of great significance. Resulting in the optimization of investment structure of China's industry policy proposals : China should expand investment and incremental adjustments for stock investment means investment in the primary industry of reasonable adjustment, inflow of funds from various channels to attract investment in the primary industry to achieve the diversification; adjusted second-industry investment and increase investment in basic industries and infrastructure. Use high technology to transform traditional industries. Actively develop the tertiary industry and steady development of key industries, and help weak industries, rationalization of the internal structure of investment.The study indicated that the irrational structure of China's three industries and internal investment, which leads to the discrepancies between the industrial structure and investment industries. Therefore, it's of great significance to adjust the internal structure of investment for the promotion of China's industries optimization and upgrade. Next the paper presents the policy advices accordingly.The practical significance of the research on industrial structure optimization is that it can provide suggestions on investment policies for the government to adjust industrial structure through exploring the relationship between industrial investment structure and industrial structure. The goal of optimizing industrial structure can be achieved by government investment policies, which affect and lead to the action of investment. This dissertation has both theoretical and practical significance on escalating the optimization of Chinese industrial structure, promoting the growth of national economy, restraining the expansion of investment scale, heightening the industrial competence, enhancing scientific management on industrial investment and increasing profit.
Keywords/Search Tags:Structure-the
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