The Empirical Study On Economic Growth And Investment Of Deyang

The comprehensive strength of Deyang city is at the forefront of Sichuan Province, with the rapid economic and social development since 1983. However, the total investment of fixed assets, and the growth rate of Deyang city are at the middle level of Sichuan province, which is not proportionate with economic and social status.The special economic phenomenon of Deyang city is studied in this paper. Through both theoretical and empirical investigation, investment scale and rate, investment structure and returns are analyzed. By using regression curve fitting method for determining cyclical investment trend, distributed lag model for constructing modest investment scale and the investment rate model, and charts analysis, the relationship between economic growth and fixed assets of Deyang city from 1983 to 2006 is studied.Research shows that the investment and running problems of Deyang city are following as: first, blindly building of investment projects; second, far from complete reform of invest diversification; third, inadequate market factors in management of investment projects; fourth, construction of the soft environment for investment; Fifth, the imbalance in the regional distribution of investment. Through further analysis of the investment scale, the investment structure and investment returns of Deyang city, the author found that: first, the low scale and rate of investment; second, low proportion of meaning investment, and not uncoordinated development of productive and non-productive investment; third, unstable investment results.Based on the foregoing analysis, two suggestions are presented. On the one hand, the annual investment growth rate of 25 percent to 30 percent, and the investment rate of 40 percent to 45 percent are controlled in order to improve investment returns; Investment direction is selected rightly to adjust investment structure; Management and reserve of investment projects are strengthened to speed up the investment system reform. On the other hand, attentions are needing paid to properly handle the following relations: first, the demand for investment and consumption demand; second, increase and stock of invest; third, "effective investment" and "efficient investment"; Fourth, the state investment and private investment; fifth, the traditional industries and high-tech industries; sixth, government regulation and market regulation; seventh, domestic and foreign capital; eighth, developed regions and less developed regions.