Government Public Investment In Empirical Studies Of The Impact Of Industrial Structure

Current our country is in the period of industrial structure adjustment and industrial optimization, and the structural problems in the current our country economy development is still very obvious, momentum structure is unreasonable, unbalanced development of urban and rural area, agriculture as the foundation is still weak, manufacturing quality, the service industry development is relatively lagging behind. These structural problems restricting our country’s current economic development. The adjustment of industrial structure and evolution, is the leading industry and leading industry as the core of industry system replace the process of constantly updated, is with the social and economic development stage of the ongoing transformation of the dynamic process, in this process, the government always through industrial policy intervention policy tools such as the adjustment of industrial structure. At the same time, the government’s public investment behavior has deep influence on the industrial structure, in this period, we must not neglect the important function of the government public investment in the industrial structure adjustment, the adjustment of industrial structure on the one hand, without active participation in the government public investment, on the other hand, if the government ignore the market changes of industrial structure, but by administrative means to carry on the public investment, will inevitably cause TongGouHua industrial structure. Every year the government public investment huge in our country, the government public investment for played a significant role in the optimization of industrial structure is still blocking effect, the size of the effect how, these problems it is necessary to in-depth study.This paper firstly combed the research achievements of scholars at home and abroad in recent years, the theoretical basis of public investment and industrial structure is analyzed, and on the basis of the two to find the relevant government public investment in the related literature on the impact of industrial structure. Second, in search of the relevant theory, on the basis of analyzing the influence factors of the government public investment and influence factors of industrial structure. From the macroscopic Angle introduced the public investment and the development of industrial structure, respectively analyzes the public investment and public investment abroad in the development and present situation and the industrial structure and industrial structure change process, through both at home and abroad and our country in different periods of comparison and analysis, find out the current government public investment and industrial structure of the present situation cf their respective; Use econometric method to study the effect of public investment to industrial structure adjustment, the empirical part mainly using cointegration analysis and error correction model, impulse response function and variance decomposition analysis tools of measurement, the relationship between public investment and macro economic structure in China has carried on the short-term and long-term empirical research, through empirical results found that the government public investment in different industries have different effects, some of these effects are obvious in the short-term, some are obvious for a long time.