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錦州翻譯公司關鍵字：3 Conclusions and recommendationsCapital as a fundamental factor of production, the role of its tremendous economic growth, inter-regional capital in China is extremely uneven distribution of capital as a constraint to the balanced development of China's economy is an important "bottleneck." Assigned areas of production factors observed differences in the abundance of elements depends largely on the lack of funds. Differences in capital investment in regional development is an important reason for the differences, lack of capital investment is the main reason behind the region's economic lag, but the same investment rate in different regions have different rates of economic growth but, because capital formation mechanism is different . The amount of capital investment does not mean that the speed of economic growth, capital formation, if the lack of effective mechanisms will be unable to fund the capital into reality. Different mechanisms leading to regional financial capital formation differences, in turn, would cause differences in capital formation, financial differences in the ability to affect the regional economic development.
As the regional economy, "separatism", the market is not unified, the author based on developing the theory of economic growth, capital formation, the two regions from the eastern capital formation mechanism of the differences can be more reasonable interpretation of China's economic development regional imbalance. The reason why the eastern region because of the rapid development of the eastern region by non-state financial institutional arrangements, the establishment of an effective mechanism for capital formation, which greatly promoted the economic development of the region to meet the needs of capital formation; and the reason behind the slow development of the western region This is because of the lack of effective capital formation mechanism.
Only by establishing an efficient mechanism for capital formation, capital of the western region to develop the ability to form, gather a lot of financial resources, expanding the scale of investment, in order to effectively promote rapid economic development, economic environment continues to improve, to further create more financial resources to gather good condition, the region's economic development in order to enter a virtuous circle; the other hand, if it can not establish an effective mechanism for capital formation is difficult to gather adequate financial resources, and thus investment, economic development is impaired, the accumulated savings for lack of financial resources will be more lack of ability to further weaken capital formation, and thus fall into the Myrdal (Myrdal) of the "cycle of accumulation of the causal principle" lead to the accumulation of cyclic trends and Nurkse's "vicious cycle of poverty (Vicious Circle of Poverty) theory of" cause balanced development of regional non-state.
The market mechanism, the regional economic development has led to non-equilibrium caused by capital flows between different regions of the transfer in the capital profit differences, when capital gains sufficient to cover the transfer of the transfer fee, will have space for the transfer of capital stock . Regional economic development, the higher the degree of non-equilibrium, the marginal rate of return on investment, the greater the gap, the greater the scale of capital transfers. With capital flows driven by the flow of other market factors, the role of the multiplier effect, can explain well in the late 1990s, regional economic development of China's growing gap between the present trend.
Resulting in the eastern region solid economic foundation, effective mechanism for capital formation and a good development environment and a higher investment rate of return to attract capital flows to the region, the increase in capital flows to further promote the region's economic growth, thus a virtuous circle. The western region of internal and external investment environment, the capital return on investment in the region is relatively low, difficult to attract foreign aid funds to the region; and the lack of effective mechanism for capital formation, capital stock of the anti-gradient flows within the eastern region, resulting in the western region in the economic development of the plight facing the shortage of capital.
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