Study On The Regional Differences Of The Fixed Assets Investment Structure And The Relationship Between It And Economy Growth In China

China at Present is in a period of rapid economic growth, the growth rate of fixedasset investment is quite fast, and especially the impact of the international financialcrisis in2008, fixed asset investment has been highly valued. But just improving thetotal fixed asset investment to boost economic growth is blindness and unsustainable.Study on Relations between fixed assets investment structure and economic growthhas important practical significance. China has vast territory; the structure ofinvestment in fixed assets and the impact on economic growth are different indifferent regions. Therefore, we need to explore the relationship between the structureof fixed asset investment and economic growth in different regions and differentperiods of time. So the conclusions can be more realistic. Study of regionaldifferences can better understand the situation of China’s fixed asset investment, andput forward policy recommendations of regional development.This paper use theoretical analysis combined with empirical testing and qualitativeanalysis combined with quantitative research methods. In the theoretical analysis,sorting out the theory of relationship between investment and economic growth. Interms of the actual test, using data from1995to2012, using correlation test, stabilitytest, cointegration test and Granger inspection on the relationship between thestructure of China’s fixed asset investment and economic growth. In qualitativeanalysis, consider the impact of various factors on changes in fixed assets investmentstructure, such as policy impact. In quantitative analysis, using econometric models totest time series data from multiple perspectives, so the test results are more rigorousand more conducive to a comprehensive understanding and analysis of the problem.In this paper, first chapter analyzes the related concepts, the theory ofrelationship between investment and economic growth and the related theory of regional economic differences. The second chapter mainly introduces the amount ofinvestment in fixed assets and the structure of the related situation in our country.On the year from1995to2012, we analyse the situation of investment in fixed assets,including total amount and structure changes. The third chapter analyzes the growthrate of investment in fixed assets and the relationship between it and the rate ofeconomic growth. Using the coefficient analysis, stationarity test, cointegration theoryand Granger causality test method, according to the country’s1995-2012time series,analysing the relationship between economic growth and government investment,private investment, Hong Kong, Macao and Taiwan, and foreign investment. Thefourth chapter is the internal relationship analysis of investment in fixed assets.Analysing the government investment, private investment, Hong Kong, Macao,Taiwan and the foreign investment. And study in different stages of economicdevelopment, changes in the government investment, private investment, Hong Kong,Macao, Taiwan and foreign investment. This paper analyzes the reasons of the fixedassets investment structure changes. The fifth chapter analyses the regionaldifferences of the fixed asset investment structure and the relation between it andeconomic growth, and puts forward the corresponding policy recommendations.Some conclusions are drawn in this paper. The efficiency of private investment ishighest. We should strengthen the efficiency of private investment and improve theefficiency of government investment and Hong Kong, Macao, Taiwan and foreigninvestment, and make the fixed assets investment structure improve. The efficiency ofHong Kong, Macao, Taiwan and foreign investment, although slightly lower than thatof private investment, but compared with the efficiency of the government investmentis relatively higher, and the relationship between it and economic growth is moreclosely. In addition, different policy suggestions are put forward according tothedifferent investment sources. We can optimize the structure of investment in fixedassets. The eastern region, middle region and west region and the whole situation ofour country structure of investment in fixed assets is consistent, the size of the privateinvestment is bigger than that of the government investment, the size of Hong Kong,Macao, Taiwan and foreign investment is smallest. Growth rate of private investment is the biggest, the second is the growth rate of government investments, and thesmallest is the growth rate of Hong Kong, Macao, Taiwan and foreign investment.Whether the growth rate of government investment, private investment or Hong Kong,Macao, Taiwan and foreign investment growth, the western region is the fastest. Therelevance between the fixed assets investment and economic growth in western regionis strongest, followed by the central region; the weakest is the eastern region.