Theoretical Research On The Investement Efficiency About The Development Of The West

The development of the western region has been for more than a decade, but because of various reasons, there are still a big gap compared to eastern coastal areas.President xi jinping in kazakhstan’s economic belt "silk road" for the domestic silk road along the enormous opportunities for development, especially in the western development after 15 years, marketization development model of the system and environment have not been formed, and offers a new way for the development of western economy. All the way, the west development area of the formation of a new situation for the western development has brought the huge development opportunity, but also accompanied by a series of potential factors restricting even hinder the development of the west.Then the current in the western economic development in the new environment, determine what new factors influence and restrict the investment efficiency and influence the development of western economy is a vital problem, the most important to determine the most important factor, after clear the most important factors affecting to suit the remedy to the case to solve the problem of not high speed development of the western regions.This article will use the empirical analysis and theoretical tools-diagnosis method, the growth for the bottleneck factors restricting the development of western economy, with the general methods of science find in the western region’s economic growth "hard constraints" conditions, the hard constraints as policy reform target constraint of menu, seek for the embodiment of the western region development strategy, using "area" new opportunities for economic take-off. All the way to explore the western economy and in the "area" situation is the most important hard constraints, the first to use the empirical analysis select several and west of China’s current economic development is closely related to the factors which diagnostic analysis on to the next stage of growth.Growth diagnosis method of the reason:in low-income economies are many factors restricting the development of economy, but in view of the various factors on a large scale system reform is often not the necessary premise for growth.So be clear which distortion factors on the economic development the biggest block, if you can determine the economic environment restrict its "hard constraints" the most important in the improvement of social welfare if applied properly on the distortion factor and small driving force can appear the staggering growth of the economy.Diagnostic analysis based on the growth and screening analysis combining western investment efficiency is restricted under the "area" is the most important factors, the low efficiency of investment makes the optimal allocation of resources of western economy, its reason is various, especially the "hardware" -- the traffic infrastructure construction as well as the "soft environment"-build financial system and policy of communication, clear and how these factors to investment efficiency to suit the remedy to the case when policy menu set.The innovation of this article is to increase the diagnosis and the empirical analysis systematic argumentation is a combination of investment efficiency as "area" under "the most important hard constraints" which restrict the development of the western;Growth diagnosis method was originally for diagnostic problem in less developed countries economic development, and for the use of a particular economic region is very few, in this respect it has great research value.Shortcoming in exploring impact "area" all the way down the distortion factors which restrict the development of the western menu will not all factors involved, but simply in this paper, the main distortion factors in the process of economic development;Because of the area along the "development in the present belongs to the early stage, in the subsequent could face unpredictable factors in the development and policy, so the applicability study conclusions and recommendations have limitations.This paper is divided into five parts, the first part is the introduction, describes the research background, the paper selected topic significance, the research status at home and abroad, research content and framework, research methods and possible innovation and deficiency.The second part mainly introduces the theoretical basis, involves the development of the relevant theories of economics and development economics of innovation theory-growth diagnosis method.The third part introduces "neighbourhood" all the way to identify constraints under the new environment of economic development in western China "hard constraints", the fourth part mainly to determine the most important after the hard constraints of investment efficiency, analysis of how the "hardware" and "soft environment" impact on investment efficiency, and the fifth part is conclusion and policy suggestions.