The Study Of The Resource Backed Shangxi Economy

How the resource type region make a breakthrough in the plight of development, foster continued industry to develop in a diversified way, and achieve sustainable regional economic development are the propositions that the whole world deeply concerned about. Shanxi is one of the most resource enriched regions of our country, and it’s the typical energy core area where coal energy is the pillar industry. From2002to2010, GDP ranking of Shanxi dropped from20to25. As a result of three gas explosions in Linfen in2007, the governors changed frequently. From the integration of the coal industry were launched in2009to the completion of the agreement formally in2010, Shanxi not only reflected the coal mine bloody lessons profoundly, and also faced with the economic restructuring in the coal industry. On the basis of learning the theory "resource curse" which researched how resources enrichment restrict economic development, the study is organized as follow:the first part introduces the empirical research of "resource curse" theory, as well as the improvement of the measures. The second part discusses the theory "resource curse" and how to break the connotation of "resource curse" of sustainable development theory. The third part used theoretical models based on analysis of the actual situation, and it turns out that Shanxi has obvious "resource curse" crowding and resource transfer effect with empirical Test data of last10years, indicating that the over-reliance on the mining industry must be changed, Shanxi’s economy must go to the manufacturing and producer services, so that promote the transformation of industry that has a high correlation coefficient to economic growth. The fourth part analyzes the private economy which is the carrier of manufacturing industry and producer services. However, the resources industry is forced to invest heavily in the government finance, private investment fields, and even form non-performing loans. The paper presents the view that developing private financial, and supporting the private economy is an effective way to promote economic transformation. The fifth part proposes the targeted development advices. The sixth Part makes a conclusion.