Analysis Of The Overcapacity Problem Of Emerging Industries

In this paper we firstly referenced theory evolution, basic models and main insights of the excess capacity and reviewed the related literature. By using the knowledge of economics, industrial economics and some methods of statistics, we illustrate the formation and development of the Polycrystalline silicon industry and then establish an evaluation index system of excess capacity in this industry. Furthermore, on this basis we establish a classical regression model to analyze which factors play a leading role in many incentives of the excess production capacity in the Polycrystalline silicon industry and propose several countermeasures to the development of the newly emerging industries.This paper is divided into six chapters, with the main themes of each chapter as follows: the first part proposes the main objectives of the research. At the same time this part explains the basic methodology and the main ideas of this paper.Chapter two reviews theory evolution, research method and main insights of the excess capacity and illustrates the related reviews of literature from domestic and foreign aspects. All these analysis make us understand the theoretical framework more easily and point out which theory are suitable for our research.Chapter three analyzes the formation mechanism of excess capacity, showing that there are some new features of excess capacity under the conditions of macro-economy fluctuations in this cycle--excess capacity in the newly emerging industry. Focusing on the new features and background of excess capacity in the newly emerging industry, this paper points out three most important incentives of the excess capacity in theory.The fourth chapter illustrates the formation and development of the polysilicon industry and establishes an evaluation index system of excess capacity by which the use level of excess capacity in the Polycrystalline silicon industry was calculated according to the detailed date of our country. On the basis of above analysis, the fifth chapter establishes a classical regression model to analyze the main causes of the excess production capacity of the newly emerging industry.Finally, in view of the actual situation and concrete characteristics of excess capacity in the Polycrystalline silicon industry, with the results obtained by the economic theory analyzing, the article put forward to some suggestions on solving current excess capacity problems in the newly emerging industries.