Empirical Research on Relationship between Fixed Assets Investment and Economic Growth in Agricultural Reclamation System

Current situation of fixed asset investment and economic growth in agricultural reclamation system was analyzed from perspective of total amount and structure，and it was found that there was a high synchronization and consistency between fixed assets investment and GDP.Based on the time series data of the Statistical Yearbook of Agricultural Reclamation of China from 2004 to 2017，a simple linear model and a Cobb-Douglas production function model containing only capital were used to empirically test correlation between fixed asset investment and economic growth.Results showed that there was a significant correlation between fixed assets investment and economic growth.For every unit of fixed asset investment increased，the GDP would increase by 1.292 units.Main factor promoting economic growth of agricultural reclamation system was capital factor represented by fixed asset investment，whose capital contribution rate to economic growth was 67.9%.