The Infrastructure Capital And Economic Development In The Study Of Non-optimal Matching Of Infrastructure Capital Structure

Why would a country’s economy to achieve rapid growth, which should achieve economic growth through internal mechanisms and pathways along which enables rapid economic stability and healthy development, these three issues has always been the relentless pursuit of economic researchers hope can be the perfect answer key problem. For a long time, economics generally agreed that infrastructure (including:public facilities, such as:electricity, communications, etc.), public works, such as:improving roads, ports and the like education, health care, etc.) or not a country is to achieve economic growth necessary conditions and social development. Since the infrastructure for economic development is so important, how we should allocate the total social capital, which can not only serve to increase the capital stock of infrastructure to promote economic growth, but will not cause a waste of the total social capital it? At the moment, studies suggest that:To maintain a certain appropriate ratio between economic development of the various elements in order to achieve steady economic development. The proportion of infrastructure capital and non-capital infrastructure is appropriate, in a relatively short period of time, and even not cause adverse effects in the long-term development of the outcome on the economy, but will affect the quality of economic development to a certain extent. The ratio between the two is appropriate and reasonable economic development will produce a multiplier or less effective results, related to the sustainability of healthy and stable development of the national economy.Through this study, results of infrastructure capital has not yet reached the optimum scale, theoretical optimal proportion between infrastructure capital and non-capital infrastructure for the capital-output ratio between elasticity, while the use of relevant statistics give the current proportion of infrastructure capital and non-capital base far from optimal matching levels not reached these conclusions for our economy under the "new normal" sustained, healthy and stable development of theoretical support, and China’s economy to adapt to the "new normal" put forward their own policy recommendations.