The economic growth effect of the North-east regional industry investment

摘要

The industry investment emphasizes how the role of the investment may effect the structure of the industry and whether the investment could stimulate the industry for further development. Taking the regional productivity and relative advantage into consideration and using Polynomial distributed lags model, the dynamic correlation between gross fixed assets investment and GDP of the three industries in the North-East region of China was analyzed. The study shows that the investment for the three industries obviously effects demand stimulation in the short term. The industry investment's contribution to the three industries continues in a long period. The third industry is affected more than the other two and the last one is the first industry.