An Empirical Study On The Relationship Between The Investment On Fixed Assets And Economy Growth Of China

Our country economy has obtained the rapid development, the economic potentiality strengthens continually since the reform and open policy for more than30years. The gross national product had surpassed Japan in2010, becoming the second biggest economy in all countries. In2011, the national economic output had reached to the level of47.2thousand billion yuan, and the economy rate of rise maintains above8%in continuously many years. The investment on the fixed assets, as one of three big engines in economic grows (including investment, expenditure, export and import), makes a very important role in it. The economic growth mainly relies on investment in my country for a long time. From2001to2011, the average rate of which the investment on fixed assets contribute to the economy growth achieves53.4%, driving economic growth5.4percentage points in average, however the China economy average growth rate is only10.2%in this time. In2011, the gross capital formation achieved53.3%to the national economy progress, directly driving economic growth4.9percentage point.Our country is occupying the urbanized advancement fast development time at present, which needs the ration investment scale to guarantee the urbanized advancement smoothly implementation. Along with our country economic structure adjustment in recent years, many scholars started relationship which grew to the investment on the fixed assets and the economy to carry on the intense discussion. Between the this article main research has analyzed the investment in the fixed assets and the economy grows the relations, mainly includes between the investment and the economical real diagnosis analysis, as well as between investment rate of increment and economic growth rate real diagnosis analysis. Through to between investment in the fixed assets and national economy relational research, in order to adapt the current economic situation, we set a higher request to the investment in the fixed assets. The investment scale took an investment the quantity, has the very important function to the economical growth; But invests the structure and the investment benefit took a nature, is affecting the economical and society’s development directly. In order to realize our country economy also to be good coordinates the sustainable development quickly, not only we must have the ration guarantee, simultaneously needs to have the archery target request.This article first analysis the economical growth theory which has conducted the analysis research to the West and domestic, and to has the representative theory: The Harold and Domar economy growth model, the neoclassic economy growth model and the new Cambridge economy growth model has carried on the analysis and the summary, thus obtains the investment to have the promoter action to the economical growth. In carries on before the real diagnosis analysis, this article has first analyzed since the reform and open policy, our country investment in the fixed assets and the economy grow the course, summarizes the investment in the fixed assets experience, has confirmed the investment in the fixed assets initially the promoter action which grows to the economy. Finally this article has analyzed between our country economy growth and the investment in the fixed assets reciprocity through the real diagnosis research, as well as the investment rate of increment and the economic growth rate relations, survey our country investment in the fixed assets efficiency.Finally, this article according to the economic target which the central authorities proposed:The promotion economy long-term steady grows quickly, and transformation economy development way. Thus it set a higher request to our country investment in the fixed assets scale and the investment structure, both must guarantee the economical the steady growth, and must be advantageous to our country economic target realization. The economic target which this article according to which had the analysis conclusion as well as the government proposed, obtains our country present stage the investment orientation:Namely first must guarantee the ration the investment scale, guarantees our country modernization and the urbanized advancement smooth advancement, as well as government each item of benefiting the people policy implementation; Next must adjust the investment structure, thus promotes the economic structure adjustment. The adjustment investment structure will mainly be will refer invests the domain by the production investment gradually to the unproductive investment incline, will enlarge to the mid-west area as well as infrastructure weak area investment dynamics, the key improvement will concern the livelihood of the people the infrastructure construction; Finally must enhance consumer’s expense tendency and the expense wish diligently, the phenomenon which our country long-standing expense power is insufficient, this does not favor our country economy the long-term steady growth, also is our country economic structure unreasonable aspect. In order to change this aspect effectively, we must exert oneself change the consumer to expend the tendency somewhat low present situation. Not only enhances consumer’s expense tendency to have to enhance consumer’s income, the market anticipated, must change consumer’s expense custom. We may say this is one item which is the arduous duty for a long time.