Research On Investing Efficiency Evaluation Of Chinese Ports

With the rocketing development of economy and foreign trade, China's port industry has developed rapidly in the past dozen years. Driven by strong demand, most of the ports have expanded investment over the past decade. In recent years, China's port investment and construction has made remarkable achievements, but blind investment, low-level redundant construction and other issues are becoming more serious. Port is a very typical capital-intensive industry, its infrastructure construction needs huge capital input, and is more risky and irreversible, and also has a long payback period. Therefore, from the national perspective, the efficiency evaluation of port investment is of great significance to grasp the port operation status quo, improve the efficiency, and optimize port investment.This work has established China ports investment efficiency evaluation indexes, in which total investment in fixed assets, etc. are the inputs and port cargo throughputs etc. are outputs. The investment efficiency evaluation model of China ports based on Data Envelopment Analysis (DEA) approach is set up. This paper preliminary and quantitatively research the relative efficiency of investment in Chinese ports and provides a certain amount of basis and help of investment decision-making for the government, port investors and operators.This paper is divided into five major sections. The first chapter, present the background, research significance, key issues as well as research method, content and technical routes; second chapter, hackle and induce the on literatures on port investments, port efficiency, and investment effectiveness; third chapter, establish the effectiveness evaluation model of China's port investment based on DEA; The fourth chapter, empirical research. Using the historic data of the period from 2001 to 2005 of 12 China coastal ports, the port investment efficiency is computed by the evaluation model, and results analysis is also made; The fifth chapter, point out the conclusion and future research orientation of this paper.