Empirical Analysis On The Green Investment To Economic Growth

Since the industrial revolution, the level of productivity and economic growth have got unprecedented development. Human activities range from land, ocean, atmosphere to space. However, while the productivity and ecnomic develops, the environmental problems and the energy crisis has become a common and worldwide problem.China is a big country in the world, in the past few decades, extensive mode of production has always been accompanied by high pollution, high consumption and high risk, which have a serious impact on the whole ecological system. According to data released by the Ministry of environmental protection, The highest direct loss of China which caused by environmental pollution is up to 433.5443 million yuan one year,and the indirect loss is immeasurable. The western countries study the environmental pollution problems early,they put forward the well-known environmental Kuznets curve(EKC) hypothesis. The EKC hypothesis is that when a country develops with the increase of per capita income, environmental pollution will continue to increase. When economic development reaches a turning point, with the increase of per capita income, the degree of environmental pollution will be reduced gradually.The domestic researches prove that China’s current economic development level is still on the left of the inflection point, It shows that our country needs to improve a lot in technology, management and economic structure of the whole production. Therefore,it is necessary to increase the environmental protection investment and establish a complete system according to China’s economic development level and the current environmental situation,which will make a great significance to the ecological problems. This paper put forward some problem based on China’s background and significance of the green investment, and collate the previous research, scholars of the theory to find the innovation point. From the perspective of qualitative analysis and quantitative analysis, I try to explore the role of green investment to economic growth in china. Firstly, I have the relevant data of China’s green investment in 1990-2013 made regression analysis, the regression analysis results show that the effect of environmental protection investment lag, the impact of green investment to economic growth is unlikely in the short term effect. From a long-term point of view, the environmental protection investment has a certain role in promoting economic growth. Then by using the gray correlation model, I try to explore relationship between the various indicators of GDP of our country of green investment in our country. The analysis results show that the correlation degree between project of industrial pollution control investment and GDP is the maximum value, which effect the economic growth tremendously. However the pollution control projects of China’s industrial investment accounts is a smaller proportion of green investment, So we need to improve the proportion of investment. Finally, I try to find the way to develop the green investment in our country and put forward some policy suggestions based on the theory and Analysis...