Influence Of Fixed Assets Investment On Economic Growth

Considering the economic development of China, the fixed asset investment plays an important role in the promotion of economic growth. Economic development is inseparable from investment in fixed assets. This thesis studies the impact of investment in fixed assets on economic growth. In the following, we use FAI on behalf of fixed assets investment.In the thesis, we mainly focus on the analysis of the total FAI, FAI due to investment sources,and the specific relation between FAI and economic gain. In the aspect of theory, starting with the total size of FAI, different sources, different regions, etc., we analyze the relationship in quantity between FAI and economic growth for decades. The discovery is that they are similar to each other in develop trend, and in the development process of our enterprise, their reliance on State Budgetary Appropriation gradually declines. Ay the same time, Self-raised funds occupy the main position in the FAI, and its proportion has trend to increase year by year. In empirical analysis, we study the data further with canonical correlation analysis and improved econometric methods by R statistical software and Eviews8.0. We found out Self-raised funds has the largest influence on economic growth in FAI, identified the Bidirectional Granger causality between investment and economic growth, and modeled the specific relationship between them. It provides reference for making reasonable economic development strategies.