An Empirical Study on the Investment of Fixed Assets to Economic Growth in Jiangsu Province

Abstract

In this paper, the qualitative and quantitative analysis of the combination of methods to analyze the impact of fixed asset investment on economic growth in Jiangsu Province. The relationship between the growth of fixed asset investment and economic growth in Jiangsu Province is analyzed by cointegration test and Granger causality test. And through the C-D production model to compare the 13 prefecture-level city investment and economic growth relationship, analysis of regional differences. The results show that that the economic growth has a strong role in promoting. the growth of fixed assets in Jiangsu Province can stimulate economic growth, and economic growth may not be able to drive the growth of fixed assets. Due to differences in policies and other localities, regional differences are more obvious.