| Investment is an important guarantee for the normal development of the most important factors to promote China’s economic growth, but also the entire social-economic activities. Sustained high speed growth of China’s total economic output, is inseparable from the rapid expansion of investment in our country. Investment has been the first impetus of nation’s GDP. This also makes our form to focus on investment and emphasis on accumulation, contempt consumption as the main feature of the economic growth mode. This pattern of development has led to the current regional economic development is not balanced, excess production capacity, serious overlapping, overheating of the economy, weak demand, and the gap between rich and poor is too large, employment difficulties, and other serious economic problem. Therefore, we must not only give full play to the role of investment in promoting China’s economic development, but also to control the adverse effects of its possible economic run.Beginning of the article, we first starting from the investment economics made a detailed definition of investment, economic growth and, depending on the investment entities, the investment is divided into three categories, namely government investment, private investment and foreign investment. The relationship of three investment entities, investment and economic growth is the goal of this study. This article based on the actual situation in China not only for China’s government investment, private investment and foreign investment statistics caliber made specifically defined and described, and detailed introduction of these three investment behavior. In order to understand the relationship between investment and economic growth, changes in investment and economic growth in the relationship between the theory review.In order to study the government investment, private investment, foreign investment and economic growth relationship, this article must first chart analysis trend of fixed assert investment growth rate and the rate of economic growth, found a relationship of interdependence of investment and economic growth in China. Through the establishment of the autoregressive model to examine the relationship of these three investment behavior and economic growth. In this paper, the VAR model cointegration test of government investment, private investment, foreign investment and GDP in the presence of long-term equilibrium relationship. In this paper, the VAR model Granger causality test, which reveals the relationship between three types of investment and GDP. Finally, by the impulse response and variance decomposition, the found three investment behavior of the different role of GDP.The final purpose of this study is the impact on the economic growth of the region through three different investment behavior differences and provide an empirical basis for the development of national economic health, coordination. In order to study the government investment, private investment, foreign investment differences on the role of economic growth in different regions, and the article first differences of regional economic development level and investment status, comparison and cause analysis, and then through each region from1999to2010per capita government investment, per capita private investment, per capita foreign investment,per capita GDP panel model to study the differences in the different regions of the three different types of investment to GDP impact. By the panel model, can be found in government investment, whether it is in the eastern part of the central region and in the western region, compared to the government investment in regions corresponding to the level of economic development have reached saturation. Private investment in China’s eastern, central, western regions on economic growth significantly. Foreign investment in China’s eastern and western regions on economic significantly.Finally, according to the different parts of government investment, private investment, foreign investment study concluded that economic growth relationship, and play guiding role of the government of the eastern, central and western, to speed up the process of market-oriented reforms in the eastern, central and western regions, to speed up foreign investment in the development of the central, central and western regions of policy recommendations.The innovation lies in this article will be invested in accordance with the different segments of the investment behavior of the main government investment, private investment, foreign investment, and three different investment behavior of investment and economic growth on together to examine these three investment behavior on the economy the difference of the growth effects.It needs to be pointed out is that the thesis analyzed the investment scope is limited to the investment assets, and may affect the accuracy of the conclusions need to be refined further study. |
