An Empirical Research On The Circulation Efficiency Of Chinese Forest Products

The circulation of forest product is an important part of commodity circulation, which plays an important role in connecting the production and consumption of forest product and coordinating the interests of all parties. As the core part of the modern forestry development system, improving the circulation efficiency of forest product can not only ensure the profits of producers and businessmen, increase the income of the farmers and workers, meet the needs of the consumers, but also guarantee the ecological security, food security, energy security, economic security and maintain the development of national forestry industry and the society. However, many factors result in the low circulation efficiency of China’s forest product, which impacts the realization of the above targets. At present, there are few literatures specializing in the circulation efficiency of forest product, which needs to be strengthened. This research mainly covers the following points:First, this research has combed the circulation efficiency theories of forest product at home and abroad. And it has discussed and analyzed the concerned theories like forestry economic theory,circulation theory,efficiency theory, competitive power theory,stakeholder theory. It has also analyzed the inner mechanism among the circulation efficiency of forest product, the level of forest resources and the sustainable development, which has laid a good theoretical basis for the research on the circulation efficiency of forest product under the background of sustainable development. This research has been delved into the history and current situation of the circulation efficiency of China’s forest product, which has respectively made international comparison with Russia, the United States, Japan from the perspectives of forest resources supply, circulation management system and circulation level.Second, this research has set up an evaluation index system of multidimensional perspective for circulation efficiency. Such system consists of18indexes from three aspects (social and ecological environment, the imposition of forestry system employees and consumers, manufacturers and distributors) which reflects the interests of stakeholders, and gives attention to the balance of the social, economic and ecological benefits.Third, this research is an empirical study of the circulation efficiency evaluation and its influence factors during1996-2010in China. After a factor analysis of index data on the circulation efficiency of China’s forest product in a macro sense, it shows that the long-term trend of the circulation efficiency keeps upward, while it also has sharp fluctuations. The circulation efficiency has been greatly affected by the national industrial policy and social developing environment. From the co-integration analysis, the most direct factor is market transaction conditions of the greatest influences, and then the traffic conditions which play a key role; the influence of the government’s financial investment is relatively more indirect, but it plays an important role in the long-term support.Fourth, this research is a measurement analysis of the effect of the circulation efficiency on the output value of forestry industry, which carries a deep research on the effects of the circulation efficiency of forest product. By using cointegration equation, error correction equation, impulse response function, variance decomposition and other measurement methods, we undertakes an empirical research on the circulation efficiency of China’s forest product and the output value of China’s forestry industry during1996-2010, from which, it shows that they remain in a long-term co-integration relationship, short-term balanced fluctuation and stable shock response. And the ascension of circulation efficiency is one of the most important factors for increased gross output value of the forestry industry.Fifth, this research is also an empirical study of the circulation efficiency of China’s listed forestry corporations from the micro perspective. By the use of C2R model, BCC model and Malmquist index measuring method, we carry out a comparative analysis of the circulation efficiency of20listed forestry corporations in China during2008-2011respectively. It shows that circulation efficiencies of different corporations are quite different, DEA of most companies are of weak effects or seriously invalid and in a reducing trend. Especially that of listed forestry corporations focusing on primary forest product is quite lower.Finally, the following seven aspects of countermeasures and suggestions are put forward to improve the circulation efficiency of China’s forest product:constructing a perfect operation mechanism of forest product circulation, cultivating a strong forest resources base, establishing a good circulation regulating system, improving the circulation environment condition, strengthening the main body’s strength of circulation and promoting talents’quality.There contain the following three innovation points in this research:(1) Related theories of the circulation efficiency are applied in the field of forest products circulation. It makes a comprehensive and systematical research on the historical status and international gap of the circulation efficiency of China’s forest product, deepens and expands the industry field of the concerned research, provides specific guidances for improving the efficiency and makes up for the the defect of circulation theory research on forestry industry, especially on the circulation field.(2) A scientific and reasonable evaluation index system is put forward on the circulation efficiency of forest product. From the multidimensional perspectives of social and ecological environments and stakeholders of forest product circulation, the evaluation index system is systematically constructed by combining the circulation commonness and the characteristics of circulation industry, which is different from other scholars’evaluation index (unitary and less evaluation index), providing a basis for scientific and objective evaluation on the circulation efficiency of China’s forest product.(3) Mainstream economics methods are introduced into the research field of circulation efficiency of forest product. By the use of standarization, quantization and other empirical methods (comparative analysis, factor analysis, cointegration analysis, error correction equation, impulse response function, variance decomposition and DEA analysis, etc.), the following aspects are scientifically and systematically analyzed: circulation efficiency of China’s forest product in the macro sense and its influential factors, the effects of circulation efficiency on the development of forestry industry, the circulation efficiency of forest product in listed forest corporations from the micro perspective and so on. The research system and framework method not only improve and enrich the research means and methods on the circulation efficiency of forest product, but also set an example for the circulation efficiency study of other industries’ products.