Study On The Measurement Of The Investment Efficiency And Influencing Factors Of The Coastal Economic Zone In Liaoning

Today, investment as an important factor in stimulating economic growth plays an irreplaceable role with the rapid development of the global economy.As far as the economic development of our country is concerned, the investment plays an important role in the regional economic development of our country, which is called one of the three carriages that drive economic growth.In recent years, the scale of investment in various regions of China has been expanding, and has brought about a certain degree of economic development.Liaoning coastal economic belt is a regional economic belt with advantageous geographical position, rich natural resources and national policy support, the economic development of the country as a whole, the increase of investment scale has made the economic development slightly effective, but at the same time, the investment efficiency is low.However, the efficiency of investment often determines the level of the utilization of regional resources and the sustainable development. Therefore, In this paper, we study the efficiency of regional investment in Liaoning coastal economic zone, and solve the problem of investment efficiency in Liaoning coastal economic zone, so as to make the resource utilization of the region to achieve Pareto optimal state, and strengthen the sustainable development of regional economy.We base on the analysis of Liaoning Coastal Economic Zone of the present situation and the measure of investment efficiency and use the panel data to find possible factors that influence efficiency of investment of Liaoning Coastal Economic Zone.Through the empirical analysis to find some investment efficiency and the reason of the change and put forward policy recommendations according to the results of the empirical analysis,we will improve investment efficiency of Liaoning Coastal Economic Zone.The full text is divided into five chapters, as follows:The first chapter is introduction. This chapter Introduced the research background、significance of this article,、the investment efficiency of the research results both at home and abroad.Besides that,there included research contents and methods, and the innovations and shortcomings about this paper.The second chapter is the related theory basis.This chapter firstly defined the key point of investment and investment efficiency of concepts, and then explain the related theory of the investment efficiency in detail in this paper.And we introduced the measure of the efficiency of investment of present academia and index and methods.The third chapter is about Liaoning Coastal Economic Zone investment efficiency analysis.This chapter first describes in this paper has carried on the simple instruction about the basic situation of the regional urban agglomeration in Liaoning Coastal Economic Zone,and then from two aspects of investment scale and structure which are analyzed about the present situation of investment in the region,the use of statistical index investment elasticity coefficient,and ICOR of Liaoning coastal economic belt of the investment efficiency are calculated and analyzed the efficiency of regional investment,and compare the change trend of regional and national investment dificiency,the results showed that Liaoning Coastal Economic Zone is different in different stages of the investment efficiency of fluctuations,and the variation trend and basic trend of fluctuations of the country is to maintain consistent especially in the 2009 national policy which resulted in more efficient investment,visible region investment efficiency is affected by the state.The fourth chapter is the influence factors of Liaoning Coastal Economic Zone investment efficiency analysis.This chapter applies the method of combining qualitative analysis and quantitative analysis:Quantitative analysis is introduced into the support of the investment system,financial institutions and foreign capital utilization degree of the three factors,quantitative analysis is introduced into four factors of the industrial structure,technological level,human capital and the government fiscal spending.Liaoning Coastal Economic Zone is adopted in quantitative analysis of the six cities of 2002-2013 panel data model is set up 12 years of data.Empirical analysis on the factors that influence efficiency of investment of Liaoning Coastal Economic Zone.The empirical results show that the industrial structure,technical level and the government fiscal expenditure impact on investment efficiency of Liaoning Coastal Economic Zone is there,and the influence of the technical level of the most significant,the influence of government spending and investment efficiency is negative correlation,and factor of human capital in the region influence on investment efficiency is not enough.The fifth chapter is about conclusion and policy recommendations.This chapter which is based on the analysis of the fourth chapter put forward to improve the Liaoning Coastal Economic Zone of the efficiency of regional investment policy recommendations,including increase the support of financial institutions,perfect the investment system,control of government spending,raise the level of foreign capital utilization,increase technology investment control investment scale,perfect structure,etc.The research of this article in Liaoning Coastal Economic Zone about the efficiency of regional investment research may achieve the innovation of the study of efficiency:(1) Taking the investment efficiency research as the guidance, the research area from the macro (to the main body of the country), microscopic (the local provinces and cities as the main body) to expand to the medium.This paper tries to take the city cluster as the research area, and analyzes the investment efficiency of the coastal economic zone in Liaoning. (2) build a panel data model, with the help of time, space and factor index values of three-dimensional data, change the past simply rely on a single data research methods, analysis of the impact on the investment efficiency of the coastal economic zone in Liaoning Province, based on the correct policy recommendations to improve the efficiency of regional investment.