Research On Investment Policy Changes And Regional Economic Development In China

Regional economic development is an important component of national macro-economic development, and investment policy is the means to realize the goal of national economic development. It has practical significance to achieve strategy goal of China's economic development if the investment policy can be used correctly to develop China's regional economy and if the effect of the investment policy to the various index of regional economic development can be quantified. Therefore, this paper studies regional economic development from the point of the vicissitude about China's investment policy.⑴In the part of theory review, this paper starts with the related concepts of investment policy and regional development. Then it reviews the necessary theories in the study of regional economic development, and makes a brief introduction to China's present research. At last, it proves that this paper can study regional economic development from the view of the shift of investment policy by positive comparison.⑵In the part of reviewing investment policy, this paper studies the development of investment policy diachronically from the year of 1949 up to the present period. The paper focuses on analyzing the shift of the investment policy, whose emphasis was from the development of middle and western areas to the development of eastern coastal areas, to regional balanced development.⑶In the part of analyzing investment policy and the regional economic growth, the paper mainly analyses data to study the influence process of investment policy to regional economic growth. And it analyses both short-term and long-term impacts on regional economic growth made by investment policy by error correction model.⑷In the part of the relations between investment policy and the performance of regional economic development, the paper discusses various aspects of the influence which was made to regional economic development by investment policy. By positive comparison of data it proves that investment policy has obvious functions to regional economic development.⑸At the end of paper, it makes a conclusion to the research work. And it proposes the question to be answered in the further study.