New Research On Mechanism Of The Natural Resources Element In The Economic Growth

The natural resource is an important material basis in human social development, and plays a vital role in the primitive accumulation of a country’s national wealth. However, from the Harrod-Domar model to the neoclassical economic growth model, and then to the endogenous economic growth model, the element of natural resources is not taken into account, but always taken as an exogenous variable.As the development of economy, the bottleneck effect of the natural resources is more and more prominent, and environmental pollution problems caused by the exploitation of natural resources have been paid attention increasingly. Arising from the subject, we have to rethink the status and role of natural resource element in the theory of economic growth, and rethink how to develop economy, to take effective measures to protect the sexual development and utilization of natural resources, in order to achieve the harmonious development of man and nature. There have been controversial about the endowment of natural resources and moderate. Such as Japan, Korea, Singapore and other countries and Hong Kong, Taiwan, natural resource is relatively scarce, but recognized in the history of rapid economic growth miracle; many countries in Africa, the Middle East, abundant natural resources did not change poverty and backwardness. Therefore, it was suggested that the "resource curse" theory, that rich natural resources in some areas are not a favorable factor in the development of the region, but the opposite. Though the total amount of our natural resources and the large variety, the per capita is little, the waste of natural resources is serious and the utilization of the status quo is low, how to speed up industrial restructuring, and effectively change the mode of economic development, break the natural resource bottleneck, both in theory, policy explain and the design optimization solution is imminent. In this paper, based on the qualitative analysis and quantitative analysis, we try to put forward a new perspective and path between the natural resources and economic growth. From the qualitative aspects, rising resource prices and dependence on foreign factors will lead to production cost more, reduce the international competitiveness of our products; From the quantitative aspects, empirical results show that the economic contribution rate of China’s natural resources fluctuate between15%and35%,it shows the resource industry is important in the industrial and agricultural output value. A larger proportion of bears out China’s rapid economic growth for a long time, supporting factors are still phenomena in the natural resource-oriented, resource over-exploitation of the use and waste of resources current is still more serious. However, with changes in the way of economic development, the continuous optimization of industrial structure and technological progress, the improvement of resource utilization will lead to reduce consumption of resources, resource contribution rate shows a steady downward trend. I also try to measure our provinces natural resources, dominance index, per capita volume index and total index, the results show that in Qinghai, Inner Mongolia, Xinjiang and other provinces (regions), the advantage of natural resources is of top-ranking, in Shanghai, Jiangsu, Tianjin, Beijing and other provinces and cities is in the ranking, indicating that the advantages of natural resources in central and western regions is obvious, while the eastern region of natural resources is not obvious. In China’s central and western regions, there are mainly resource-based industries and resources processing industry, the eastern region mainly non-resource industries, it is consistent with the real pattern. Through the empirical study on the relationship between economic growth and natural resource elements, we find that regions where natural resources are rich, the rapid development of economic is indeed driven by rich resource. The department of natural resources and investment in fixed assets is negatively correlated, this is because most of the investment is to the "Rail-based" public infrastructure sector, forestry, animal husbandry and fisheries resources conservation and supply sector inputs is little. The correlation coefficient is negative between investment in the natural resource sector and the investment in education, this is because the resource sector is often at the lower end of the industrial production, that does not require highly skilled labor force, so the resource-rich regions lack incentive to increase investment in human capital. For an individual, the marginal cost of resource-rich areas to receive education is greater than marginal revenue, individuals lack the driving force behind the initiative to receive education. In resource-rich region, resource endowments will result in a weak sense of innovation and reduce innovation investment, reap resource endowments "windfalls" and even the way people work effort, and thus fall into the plight of the "resource curse". Based on the theoretical exploration and quantitative analysis, we put forward the coordinated development of resource development and economic growth from the level of the system of property rights, technological talent, resource sharing mechanisms and ecological compensation, various policy recommendations.