The Correlation Analysis of the Government Investment and sustained growth of GDP——taking the empirical data of 1978-2006 as an example

摘要

This paper gathers the correlation data of the Shanghai Municipal government investment spending and Shanghai GDP growth.It takes the endogenous growth theory as the scientific basis and carries on the empirical analysis about the role of the government investment in the sustainable economic development.The findings indicate that the investment structure of the Shanghai Municipal government optimizes and the supplies effect that affects the economic growth lags for a phase.The government investment has a strong overflow benefit on the market-based allocation of resources.The government investment and GDP growth are mutually "the demand and the supplies".The degree of dependency on each other is high and the relevance is strong.