A Study On Efficiency Of Forestry Finance Investment In Anhui Province

Forestry is the basic industry of the national economy, which can provide a lot of wood and forest products for economic construction and people’s lives; Forestry is also an important public good, which undertakes the important task of ecological construction. It has become the focus of public financial support for its status and characteristics. With China’s rapid economic development, the improvement of people’s living standards and increasing needs for forest products or forest ecology, Its development has caused more and more concern. Anhui Province has a large proportion of forestry, and government is also increasing investment in forestry. However, the Government’s financial resources are limited, which requires to consider the efficiency. It means that with the least financial investment in order to achieve the largest forestry satisfaction.There exist seven chapters in the paper. We mainly introduce the background of choosing such subject, the significance, the ideas and the methods of this paper in Chapter1.In Chapter2, we are concerned on analyzing the public financial theory, the character of forestry and efficiency theory of financial investment. The first two chapters are to build a foundation for the next chapters. We analyze the status quo of the forestry financial investment of Anhui Province from three aspects:the size, the growth trends and the structure in Chapter3. We can find the total forestry financial investment in Anhui Province is rising, however, forestry financial investment in the proportion of total financial expenditure and GDP is still low, which cannot meet the increasing demand for forest products and forest ecology, also, the forestry financial investment exists the problems of unstable growth and the irrational structure. In Chapter4, in order to measure the forestry financial investment efficiency in Anhui Province, we select two input indicators:fixed assets investment and administrative staff input, which respectively reflects the material and human resources input; two output indicators:the output value of forestry and, which represent the forestry economic, ecological and social benefits. The results of the data envelopment analysis are:only three years are DEA efficient; in the other eight non-DEA efficient years, six years exist increasing returns to scale; The eight years also exist the problem of irrational structure; the six non-DEA efficient years’ afforestation area are insufficient from the output. On the basis of Chapter3and Chapter4, we discuss the constraints to the efficiency of forestry finance investment in Anhui Province. In Chapter6, we summarize the experience to improve forestry finance investment efficiency form four domestic provinces (Zhejiang, Jiangsu, Fujian and Jiangxi) and foreign developed countries, developing countries. On the basis of the first six chapters and the current problems of forestry finance investment in Anhui Province, we give some advices in order to improve the efficiency of forestry finance investment in the last chapter.