广西固定资产投资影响因素研究

Research on the influencing factors of fixed assets investment in Guangxi

基于广西2003年—2017年的固定资产投资数据以及GDP和贷款利率进行实证分析,旨在研究影响广西固定资产投资的因素及其原因,通过对不同模型进行回归分析,结果表明GDP对固定资产投资具有较大影响,而贷款利率的影响比较薄弱,其原因主要有两方面,一方面是国内贷款在固定资产投资中的占比较小,另一方面,我国的利率市场化程度较弱,利率传导渠道受阻。

Based on the data of Guangxi’s fixed asset investment from 2003 to 2017 and the empirical analysis of GDP and loan interest rate,this paper aims to study the factors and reasons that affect Guangxi’s fixed asset investment.Through regression analysis of different models,the results show that GDP has a greater impact on fixed asset investment,while the impact of loan interest rate is relatively weak.The main reasons are as follows:1 On the one hand,the proportion of domestic loans in fixed asset investment is relatively small;on the other hand,the degree of interest rate marketization in China is weak,and the interest rate transmission channel is blocked.