Large Industrial Enterprises And Economic Growth

Along with the rapid economic development, substantial leap of productivitylevels and the rapid updating generations of technology capability, large industrialenterprises emerge one after another. Unknowingly, the rapid development of largeindustrial enterprises have already accompanied with the high-speed economicgrowth of the world. Chongqing, which is located in the southwest and valuesindustry as the important driver of economic growth is without exception. Underthese circumstances, the research which is based on contribution rate of largeindustrial enterprises to economic growth is very meaningful. Also, the researchwhich is based on the relationship between the indexes of the large industrialenterprises and the economic growth is meaningful too. From the beginning of themain structure of the article is the theory analysis. The article discusses the theory ofthe scale economy and economic growth, scope economy and economic growth of thelarge industrial enterprises. The article also discusses the theory of the efficiency andeconomic growth, the organization and economic growth, and the ability ofinnovation and economic growth. At last, the paper summarizes the theoreticalfoundation of the research. Then the article analyzes the status of large industrialenterprises in Chongqing. It discusses the distribution characteristics, the mainadvantages compared with the small and medium-sized industrial enterprises and theadvantages and gap compared with the top50enterprises in Chongqing and theChinese top500manufacturing enterprises. After the analysis of theory and presentsituation, the paper comes into the empirical analysis stage. First of all, the articleuses the Cobb-Douglas function and Solow residual value as the measurementmodel, and calculates the contribution rate of large industrial enterprises to economicgrowth. The next, it selects three indexes which includes the economic aggregate ofChongqing, the total assets of large industrial enterprises,and a total R&D spendingof large industrial enterprises, to establish a long-term relationship. At last, it analysesinteractive relationship between economic growth and the indexes of large industrialenterprises, which is based on VAR model and impulse response analysis. The article draws the final conclusions, which are based on the theoretical analysis, situationanalysis and empirical analysis. There are four main points in the conclusion. One isthe large industrial enterprises are the important driving force of economic growth inChongqing. The other is the investment in the research and development of largeindustrial enterprises had significant promoting effect on economic growth. The lasttwo, one is the investment in the research and development of Chongqing largeindustrial enterprises fall behind the others. Another is the industrial structure andregional distributions of large industrial enterprises in Chongqing are tooconcentrated. When got the conclusion, at the end of the paper, it gives thecorresponding countermeasures and suggestions from two aspects: they are thegovernment and the enterprise.