An Analysis On Evaluation Of Fujian’s Investment In Fixed Assets

Investment in fixed assets is the premise of economic growth of a country or a region, an important way to optimize the industrial structure, and an important driving force to achieve sustained and healthy economic development. Since the reform and opening up, especially the year2003, investment in fixed assets in Fujian province has been continuing rapid growth, whose structural adjustment has been getting optimization, which has been pulling into the leading force of economic and social development of Fujian. During the period of ’Twelfth Five Year Plan’, the economy of Fujian province will still belong to the investment driven economy, therefore, the study on the cyclic fluctuation of the fixed assets investment in Fujian and its effect on the economic development, and the main influencing factors to economic development, is of great practical significance to formulate scientific and reasonable macro economic policy, maintain the steady and rapid growth of investment in fixed assets, promote economic structural adjustment and upgrade, and realize scientific as well as leapfrog development in Fujian.Firstly, this paper reviews the development process of the macro economic policy, investment in fixed assets policy and investment system since the reform and opening-up policy. And it compares the relationship between the policy of investment in fixed assets and economy, by the inductive analysis method and in accordance with the theory more representative of the "Valley-to-valley" partition method,measure the relationship between GDP and the growth of investment in fixed assets, then define the five cycles of Fujian’s economic invesement in fixed assets development since reform and opening up, and through the correlation, time lag, coordination, elasticity coefficient of investment in fixed assets,investment rate, investment effect coefficient, and the contribution rate of gross capital formation,using empirical analysis evaluate the effect of Fujian’s investment in fixed assets and economic development.Thus this paper affirms its huge role,and objectively analyses the adverse consequences caused by the fixed assets investment led economic growth and possible.Then through the comparison with Jiangsu, Zhejiang, Shandong, Guangdong those four Eastern developed provinces in China, looking for the gap and existing problems of Fujian investment in fixed assets, from the aspects of total fixed asset investment growth, investment rate, three per capita fixed asset investment, industrial structure, investment in fixed assets capital source structure. Finally, we study the main factors in the future at home and abroad and the period of investment environment and the influence of Fujian fixed asset investment growth and potential demand, and put forward four suggestions to maintain arrasonable growth of investment in fixed assetsin Fujian by carrying out the central policies, optimizing the structure of investment in fixed assets, expanding the project financing channel, and strengthening the reform of investment system.