The Research On The Efficiency Of The Fixed Assets Investment Under The Background Of Supporting Xinjiang

The Investment is one of the three frame carriage to stimulate the economic growth, andplays a very important role in the present China’s economic development. The scale and struc-ture of investment not only affect the speed of economic growth, but also influence the qualityof economic growth. Investment efficiency influences the quality of investment, andecide thefuture economic growth of sustainability. Since aiding Xinjiang, our country gives lots of pre-ferential policies and investment projects in Xinjiang to promote sustained, rapid economicgrowth. The investment plays great role in Xinjiang economic development. Under the back-ground of aid in Xinjiang investment efficiency, which reflects the quality of economic grow-th, but also indirectly reflect the effectiveness of aid policy. Studying the fixed asset investmetefficiency of Xinjiang under the background of aiding Xinjiang has very important practicalsignificance in reasonably allocating resources、utmostly developing investment functionand make sure the sustained, rapid and healthy development of Xinjiang in the future.Based on the theory of investment, regional economics, industry economics, we selectthe statistical yearbook of time series and cross section sequence data from1997-2011tomake a comprehensive and systematic study about Xinjiang’s fixed asset. This article analysisthe influence of investment efficiency about Xinjiang from the investment scale, the industryinvestment structure, regional investment structure, investment environment and so on. Theconclusion as follows: firstly, even if the scale of investment in fixed assets is growing,butcompared with scale of country it is the lack of investment, which limits its further economicgrowth; Secondly, the industrial structure optimization is not enough, and the third industryinvestment efficiency is low; Third, regional investment is not harmonious, investment effici-ency has a bigger gap; Fourthly, the efficiency of investment play a good role in promotingeconomic growth since aiding Xinjiang. Besides, we find the investment efficiency has beenchanged since aiding Xinjiang, but the mode of economic growth is still extensive growthmode from the Input-output Angle. The specific performance is that increasing the efficiencyof investment still more dependent on "relative labor", capital market and technical factors oneconomic growth has a limited role. Finally, this paper puts forward some suggestions on howto improve investment efficiency, promote the industry upgrade, reasonable layout investmentregional coordinated development, increase technology investment, realize intensive economigrowth improve human capital competitiveness, and optimize the investment environment. This paper made two exploratory researches: firstly, respectively from the total scale,investment structure, the investment area and the investment environment aspects to analyzethe influence factors of investment efficiency. By the comparative analysis for systematic andcomprehensive research, we established a basic analytical framework to study the additionalfixed asset investment efficiency; secondly, with the empirical method respectively from theInput-output Angle to analyze the fixed asset investment efficiency, and greatly increase thereliability of the conclusion.