An Analyses of Macroeconomic Impacts Produced by the Chinese Fixed Capital Investment
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چکیده
An Analysis of Macroeconomic Impacts Produced by the Fixed Capital Investment in China Liu Baojun Tianjin University of Finance and Economics, Tianjin, 300222,China Abstract. In this paper we analyzed macroeconomic impacts produced by fixed capital investment in China, and proposed a model to analyze effect of structural change of fixed capital investment for macroeconomic impacts of fixed capital investment and used it to analyze the Chinese change from 1990 to 1995. Introduction In this paper we analyzed macroeconomic impacts from 1990,1992, and 1995 Input-Output Table of China by Department of National Economic Accounting of State Statistical Bureau of P. R China. We treated them in 1990 constant price in order to eliminate the effects of price change in macroeconomic impacts analysis. The paper is divided into five sectors. They are : 1. The Sector Output Impacts of Unit Fixed Capital Investment 2.The gross Output Impacts of Unit Fixed Capital Investment 3.The Primary Input Impacts of Unit Fixed Capital Investment 4.The gross Output Impacts of Gross Fixed Capital Investment 5.The Effect of The Structural Change of Fixed Capital Investment for Sector Output Impacts of Unit Fixed Capital Investment 1.The Sector Output Impacts of Unit Fixed Capital Investment The investment growth can induce economic growth. The sector output impacts of unit fixed capital investment implies the induced sector output by unit fixed capital investment. Let R represent a column vector of the sector output impacts, then
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