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| The Relationship Between Fixed Asset Investment and Economic Growth in the Yangtze River Delta |
| Institute of Finance and Trade, Jiangsu Academy of Social Sciences |
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Abstract The cointegration test and error correction model （ECM） of GDP and fixed asset investment from 1978 to 2008 in the Yangtze River Delta shows that the fixed asset investment had a significant effect on propelling economic growth in the region, and there are a long-run steady relationship and a dynamic balance mechanism between GDP and fixed asset investment. Therefore, the fixed asset investment in the region should still be maintained at a certain scale and speed, though attention should be paid to the satisfaction of consumers＇ demands and the guiding of fixed asset investment so as to realize the sustainable development in the region.
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2010, Vol. 12 
