Regressine analysis of the relation between the investment of fixed assets and economic growth in China
Bai Fan
Abstract
Bai Fan
Abstract
The economic growth mostly depends on enhancing the productive factors when China is at a middle stage of the industrialization of national economy.Among those productive factors the growth of investment is most important,while the development of technology and the growth of labor investment are less important for the economic growth.It is proved that the fixed assets investment is closely related with the economic growth.According to the technical dealing with the statistical date of 21 years economic growth from 1980 through 2000,their related coefficient is high to 0.773 6.By using the method of related and regression analysis to set up a regression model of economic growth,the development tendency of China economic in future can be forecasted.
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The economic growth mostly depends on enhancing the productive factors when China is at a middle stage of the industrialization of national economy.Among those productive factors the growth of investment is most important,while the development of technology and the growth of labor investment are less important for the economic growth.It is proved that the fixed assets investment is closely related with the economic growth.According to the technical dealing with the statistical date of 21 years economic growth from 1980 through 2000,their related coefficient is high to 0.773 6.By using the method of related and regression analysis to set up a regression model of economic growth,the development tendency of China economic in future can be forecasted.
Key concepts: Fixed asset, Industrialisation, Investment (military), China, Economics, Fixed investment, Regression analysis, Economic system