Mechanism and Empirical Research of Infrastructure Investment Promoting Industrial Structure Upgrading of State-owned Farms

As the only way of economic development，upgrading of industrial structure cannot be separated from assistance of infrastructure investment as advance capital and necessary prerequisite for economic development.The study on relationship between the two will help state-owned farms get rid of economic development dilemma.Using VAR model，impulse response function and other measurement methods，taking state-owned farms in agricultural reclamation system as research object，relationship between infrastructure investment and upgrading of industrial structure of state-owned farms in agricultural reclamation system was discussed by using data of China Agricultural Reclamation Statistical Yearbook from 2004 to 2017.It was found that infrastructure investment has a long-term pulling effect on upgrading of industrial structure.Based on long-term effect，some policy suggestions were put forward，such as establishing special funds，clarifying investment period of infrastructure，and persisting in continuous investment.