The Investment Efficiency Analysis Of Henan Government

Government investment is to make up for market failure and a significant proportion of investment co-ordination between the whole of society, regulates the investment structure, supports key projects to promote economic and social development, improves living standards, achieves an important means of macroeconomic control. To some extent, the direction of government investment reflects the government's position on choice and their own functions to national or regional economic development in the long-term planning.In the newly published "Twelve Five-Year Plan" submitted to maintain rapid growth, Henan Province will continue to expand the scale of investment, optimize investment structure, increase investment in quality and efficiency. In the increasing Henan provincial government investment and an increasingly large amount of private investment into the case of a good government with good management of investment funds, regulation of the overall investment structure of a good society is to achieve sustained and rapid growth in the future of Henan Province, an agricultural province, industrial province, science and technology province-a key cultural province.In this paper, Henan Province,the government investment theory and regional economic theory,industrial economic development theory as a guide, we analysize government investment over the years in Henan Province and the output efficiency of non-government investment, regional structural efficiency and the efficiency of tertiary industries. Henan Provincial Government made a huge investment-led economic role in Henan province.But the government investment efficiency is not high, lower than the efficiency of private investment and Private investment is necessary to fully enter the competitive economy.In the end, the article advises focusing government investment on building the Zhong Yuan City Group also supporting the development of appropriate economic zone Huanghuai, overalling a good four regional economic development in Henan Province, at this stage maintaining the proportion of agricultural investment and industrial investment, focusing on the development of tertiary industry, science and education Province and other policy recommendations.This paper content is divided into four parts altogether. Introduction section presents a summary of the thesis writing background and broad ideas. Part two Introduces characteristic of governmental investment in detail, governmental investment concept of efficiency and how to weigh governmental investment efficiency. Part three first reviews the Henan provincial government investment and non-government investment process, sums up the stage of government investment characteristics and causes; then combinating Solow model, establishs the production function of government investment and non-government investment efficiency, concludes that the government investment efficiency is lower than non-government investment efficiency, and analyzes the reazon of the generally-not-high government investment efficiency. Then introduces the difference of the states of four major economic areas of Henan Province and governmental investment in detail with a large number of data; Finally with ICOR tools, analyzes the tertiary industry and their investment in Henan province and carries on the comparison.concludes that Primary industry investment efficiency is equivalent to Secondary industry investment efficiency and tertiary industry investment efficiency is lower. Part four problems the influence of investment efficiency existing to the governmental investment of Henan Province, proposes strengthening the institutional construction of governmental investment and setting up the government investment structure with rational science; four economic regional development difference is increasingly clear that the gorvement should increase investment in Huang-Huai-Hai economic zone in order to facilitate coordinated development of regional economy; three industry must pay attention to investment in agricultural technology and agricultural infrastructure, continues to increase investment in industry, science and education Province, and other countermeasures.