Research On The Impact Of Industry On Economic Growth In Guangxi

Industrial investment is an important factor in a country or region economydevelopment, Reasonable industrial investment not only can promote economic growtheffectively, but also can accelerate the development of the related industries.For a long time, the influence of industrial investment on economic growth havebeen the hot topic of domestic and abroad academic circles. There is a major view:At the stage of industrial economy development, industrial investment is stillthe crucial support of enhancing the stamin of industrial development. The weakgrowth of industrial investment certainly will affect the stamin of industrialdevelopment and increase the risk of industrial economic downturn. Hence, Guangxishould raise the proportion of industrial output in the national economy throughexpending investment in industry. Simultaneously, related government departmentsare supposed to establish the associated system between industrial structure andinvestment structure.As a late development and less developed area where must accelerate realizingleap-type development, Guangxi just enter the intermediate stage ofindustrialization and the industrial development of Guangxi is in the stage ofrapid development, which present a good prospects for development. There is nodoubt that industrial investment plays a crucial role in the economic developmentof Guangxi. Industrial investment not only has a significant investment effectsfor current industrial development, but also has significance in improving thelong-term market competitiveness of industries, enhancing the stamin of industrialdevelopment, adjusting and optimizing the industrial structure, forming a neweconomic growth point, establishing a modern industrial system, promoting its newindustrialization process and facilitating leap-type development of Guangxieconomy etc.the paper first analyze the interrelation between investment and economicdevelopment, and combine with related theories to illustrate what investment cando to promote economic growth, on the other hand, the promotion of economic growthto investment. On this basis, the paper analyze about the overall present situationof Guangxi industrial investment. The paper mainly focus on four aspects: Guangxi industrial investment scale analysis, structure analysis, efficiency analysis andfeature analysis. Further more, the paper especially study influence factors ofindustrial investment on economic growth by using Regression Approach. And theresult is after financial crisis year2008, the promotion of economic growth toGuangxi industrial investment has already strengthened and there was a obviouspromotion in industrial investment rate, industrial investment pull coefficient,industrial investment elasticity coefficient. Industrial investment has a growingimpact on economic growth, at the same time, investment scope become more andmore wide, which will gradually expand to the high technical level industries.According to the current situation of Guangxi development and the researchresults, the paper offers some proposals on how to promote Guangxi industrialinvestment, namely clear orientation for the development of industrial investmentin Guangxi: seven combination, the combination of industrial investment and layoutoptimization, structure optimization, development effectiveness, technologicalinnovation, green development,at last, the combination of industrial investmentand two-oriented intergration. Meanwhile, Guangxi should take full advantage ofgovernment investment policy guiding role, broaden the industry financing platform,encourage private capital investment, speed up industrial carrier construction,explore evaluation mechanism for investment environment and strengthen investmentgrowth on industrial connotation.