Research On The Government Public Investment In Japanese Economic Growth And Use For Reference

Public investment is one of important impetus for a national and regional economic growth, and it has a positive effect to the capital formation, human capital formation and technological progress. As a great power of public investment, after World War II, the Japanese government achieved growth of economic high speed (1955～1973) through the large-scale public investment. In this time, the Japanese government investing huge financial funds in highway, harbor, and other capital construction project, public investment played an important role in Japan. Progress of our country economy is in high speed to increase level (1978～), but in the international financial crisis, the serious impact of the economic slowdown in China. The economic stimulation that government publishes plans to will start the largest construction investment in China. By study on Japanese public investment behavior and its effects on economic growth during the period of rapid economic growth, it has important reference and inspiration for Chinese which growing public investment and maintaining rapid economic growth. This paper has six chapters.The first chapter:introduction. Mainly expounds the background, purpose and meaning of paper, literature review of public investment and economic growth theory, paper's research methods, structures, features and insufficient.Second:An analysis frame of public investment and economic growth. Firstly expounds the definition and scope of public investment, and differentiate from other definitions as government investment, private investment, public spending, public capital, etc. Secondly, summarizes the main influencing factors of economic growth. Finally, establish a framework of public investment and economic growth.Third:Discusses the development background, financing and investment and public investment policy of the Japanese public investment during the period of rapid economic growth.Fourth:Demonstrates the Japanese government public investment in its economic growth has positive function.Fifth:Mainly discusses the experiences of the Japanese public investment during the period of rapid economic growth. Sixth:Generalize and analysis the present situation and problems of public investment of the government of China. Summarizes some references of the behavior of Japanese public investment that for our country. And according to economic stimulus package are proposed.Conclusion:Public investment is one of the important driving force to promote the development of national economy; Public investment policy should promptly reform and innovation with the development of social economy; China should maintain a certain scale of public investment, which is better for stable economic sustainable development; At present the implementation of economic stimulus plan is the correct time for China.