The Empirical Research Of The Changes In The Investment Structure And Economic Growth In Gansu Province

The process of modern economic growth, irrational investment structure will lead to lower investment efficiency, resulting in regional economic benefit is difficult to continue to improve, seriously affecting the healthy and stable development of the economy. Reform and opening up, especially since the western development, along with a substantial enhancement of the total investment, the economy has also been a rapid growth, but invest in small-scale, low efficiency of investment, irrational investment structure and other issues has become the major factors to restrict the rapid economic development of Gansu province. Therefore, reasonable to optimize the investment structure, improve the efficiency of investment output has become an urgent problem in the economic development of the"12th Five-Year" period of Gansu Province. In this paper, given the importance of the investment structure and the role of economic growth, Gansu province investment structure change and economic growth empirical research.First of all, from domestic and foreign investment, the investment structure and economic growth, the results based on theory and research proposition of this article described, the status quo of investment and Gansu Province and the investment structure is described. Through the analysis of Gansu province show that the existence of human capital stock is low, investment efficiency is low, the investment channels of a single source, attract foreign capital ability to lower.Secondly, under the premise of the collected statistical data, through the use of effective labor production function model to estimate the contribution of investment to economic growth, The results show that the main driving force of economic in Gansu Province growth is investment in physical capital, its contribution to economic growth rate of58.9%, human capital and total factor productivity on economic growth contribution respectively for25.3%,15.8%, from the analysis result, want to realize Gansu to save economy to grow the change of means, must rely on progress of science and technology and improve the quality of laborers; through the investment structure change and economic growth empirical analysis, government investment, private investment, the state budget funds, domestic loans, second industrial investment, third industrial investment, investment in construction and installation, equipment tool purchases investment is economic growth is Grainger reason, economic growth is the use of foreign capital, the first industry investment Grainger reason.Finally, the problems of investment and the investment structure of Gansu Province, to increase investment in education efforts; actively promote technological progress; improve the investment environment, expand investment channels; optimize the investment policy and moderately sloping, balanced development more feasible policy proposals to upgrade for the optimization of investment structure in Gansu Province, the rapid improvement of investment efficiency, thus achieving a sustainable economic development to provide a theoretical basis.