The Xinjiang Uygur Autonomous Region Of Investment In Fixed Assets And Economic Growth Relationship Of Empirical Research

Investments, consumption, import and export is the "troika" of regional economic growth. Investment could supply resources and stimulating demands for economic growth, and also play a great role on the national economy development, employment, product, and market prosperity.With the vast territory and abundant resources, Xinjiang is the key area of the western development, and is also an ideal investment area. With the policy of developing the western region, the country is gradually increasing efforts to support the Xinjiang region, which gives a good momentum to the economic development of Xinjiang region, and investment in fixed assets has been rapid growth. Xinjiang is in the process of industrialization and urbanization, capital formation has an important influence on economic growth. However, due to the low level of economic development, poor infrastructure, away from the developed countries and regions, the endogenous capacity of capital, low efficiency of investment, rapid economic growth depends mainly on high inputs. Faced with the problem of high input and low efficiency, we should properly analysis the relationship between GDP and FI, in order to solve the problem of low efficiency.With the theories of technology economic and management, we focus on theoretical and empirical analysis, base on historical data and statistics of Xinjiang investment research, using cointegration analysis, panel data analysis methods, to analysis investment and economic growth in Xinjiang province.Firstly, this paper describes the characteristics of fixed assets investment and economic growth, and the structural features of total investment in fixed assets in Xinjiang province since the reform and opening up; Then we analysis the relationship between the Fixed Assets Investment and Economic Growth, and use empirical analysis to study the changes in the efficiency of fixed assets investment in Xinjiang province with VEC and ICOR; Secondly, I analysis the structure of fixed assets investment, from the aspects of investment entities, funding sources, industrial and product structure; Finally, we select three region of Urumqi, Hami, Bortala, and use the panel data model to horizontal compares there fixed assets investment, combining there the investment environment and fixed assets structure to interpret the results of the analysis; at the end of the paper, I sum up the conclusions and make policy recommendations to deal with the relationship between the increase of investment and the improvement of benefits, realize the change of the fundamental in investment growth, and keep improving the investment environment and broaden the investment channels, optimize the structure of fixed assets investment.