Research On Agglomerate Effect Of Regional Infrastructure Investment In China

As the material conditions of social production and people’s lives, infrastructure is the basic guarantee of a country’s economic development, which has great significance for the economic development between the sustainable development of the national economy, coordination of regional and achieve common prosperity of the people. Infrastructure can provide the necessary public goods and services, promote other related industries also promoted particularly evident, can effectively promote capital and talent gathered in the area, thus in the region and economic development of the region surrounding region played a stimulus effect, referred to herein as the combined effect of infrastructure investment.Since the reform and opening-up, China has made remarkable achievements in economic, social and cultural aspects, which infrastructure investment contributed a lot. With the continuous expansion of investment scale, economic construction has made great achievements behind, public infrastructure space structural imbalance has become more prominent. In addition, the impact of infrastructure investment within the region and surrounding areas of economic activity are also significant differences in economic stimulus in some areas of significant, but little effect on some areas even have the opposite of the inhibition, specifically in our country infrastructure investment efficiency is low. Broadly speaking, the main reason for differences in the regional distribution of the combined effect of infrastructure investment has two aspects, first, China has a vast, level of economic development levels of different regions is incomplete, resource endowments are also different, and investment and speed differences led to varying degrees of "polarization" phenomenon, making the distribution of public investment in infrastructure showed very obvious regional characteristics, on the whole, the eastern part of infrastructure more perfect, more economically developed, followed by Central West is lagging behind, this congenital defect in a certain extent, led to the effect of infrastructure investment in different regions of rugged. Second, infrastructure development space structural contradictions impede investment efficiency of the play, the optimization of regional economic development and regional equilibrium spatial structure constraints. As an important basic public services, infrastructure investment efficiency remains a serious impediment to the country’s economic development, resulting in a huge gap between rich and poor regions, if not quickly be adjusted reasonably, it will inevitably lead to all kinds of people’s livelihood, increase social unrest and hinder the construction of a harmonious society.In this paper, at home and abroad on the basis of the existing literature, to the combined effect of infrastructure investment provincial areas for the study, the use of standardized research methods and empirical combination of a detailed analysis of the output effects of infrastructure investment private investment and employment effects of efficiency. This is in order to invest in public infrastructure to expand domestic demand as the focus of the background, reasonable arrangements for investment location choice, give full play to the positive effects of infrastructure investment and provide important theoretical reference for our infrastructure investment policies.This paper includes 7 chapters, except the first chapter, chapters 2-3 is the research foundation of this paper, chapters 4-5 is the empirical core, chapter 6 is the conclusions and policy recommendations. Specifically, Chapter 1 introduces the background and raises questions of research, and the significance of the idea of this study, research methods and innovations and shortcomings are introduced. Chapter 2 is the review, describes the domestic and foreign studies on infrastructure, research representative and forward-looking document, and summarized and evaluated. Chapter 3 is the the oretical analysis, through investment in infrastructure to collate and summarize relevant theories to construct a theoretical foundation for the study of the content of this article. Chapter 4 of the combined effect of infrastructure investment presence test,2003-2013 data, the use of the infrastructure of VAR model and 31 provincial-level regions of investment output, private investment and employment effects of these three areas were tested, empirical results show that the combined effect of investment in infrastructure does exist in our country. Chapter 5 Quantitative comparison of 31 provincial-level regions combined effect of infrastructure investment, differences were found between regions is very clear, and constructed the model factors explain its analysis, found that the industrial structure, economic openness, city level, financial markets, science and technology and consumer habits to some extent will affect the combined effect of infrastructure investment. Chapter 6, on the basis of prior analysis, put forward recommendations to improve the efficiency of investment in infrastructure.