2009•Journal of Kunming University of Science and TechnologyRequires access

The Study on the Correlation between Fixed-Assets-investment and Economic Growth since China's Sixth Business Cycle

Zhirong Chen

Abstract

Fixed-assets-investment is the engine of economic growth;however,excessive investment is a main driving force of economic growth rate declining.This essay introduces the process of China's economic fluctuations since 1977,our country's sixth Business Cycle,analyzes fixed-asset investment and economic growth,gives a conclusion that there's a strong positive correlation between them.Also,the paper summarizes the transmission mechanism of investment fluctuations impacting economic fluctuations and discusses the ways of strengthening and improving the investment and economic growth.

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Key concepts: Business cycle, Fixed asset, Investment (military), Economics, China, Fixed investment, Asset (computer security), Positive correlation