Research On The Invest And Finance Of Infrastructure In Liaoning Province Coastal Economic Area

Liaoning Province Coastal Economic Area is located in the Bohai Rim and the NortheastAsia economic cycle essential region. The development and construction of Liaoning ProvinceCoastal Economic Area has risen to national strategy. It can not only promote the developmentof a comprehensive revitalization of Liaoning, but also promote the development of the northeastregion. The infrastructural facilities are the local economic development’s most fundamentalsupport. At present the Liaoning Coastal Economic Area’s infrastructure and our country mostother areas are the same, the supplies are weaker, and carrying capacity is insufficient. Todevelop Liaoning Province Coastal Economic Area, must construct the complete infrastructuresystem.The paper regarding the Liaoning Province Coastal Economic Area’s present situation ofinfrastructural investment as background, than it is based on the public product theory,the projectdiscrimination theory and the engineering project structural theory, using perpetual inventorymethod、the double logarithm C-D production function model、the double logarithm incomefunction model and the DEA method, take measurments and calculate the Coastal EconomicArea’s capital stock of fixed asset and the infrastructural investment economic performance, andanalytical study the various area’s infrastructural investment relative validity and the change ofinfrastructural investment. The concrete procedure is as follows:Firstly, calculates the Coastal Economic Area’s capital stock of fixed asset using theperpetual inventory Method. Based on that, quantificationally analyze investment of fixed assetsto Liaoning Province Coastal Economic Area’s economy promotion effect. Secondly, selects thedouble logarithm C-D production function model and the double logarithm income functionmodel reckoning transportation, the water conservation and the electric power separatelycontribution to Coastal Economic Area economic development, urban average per person familygross income and the countryside family year average per person net income. Once more, usingthe DEA method, surveys Coastal Economic Area various area’s infrastructural investmentefficiency separately based on the C2R model and the BC2model the relative validity and theoverall economies of scale benefit. Then through the DEAP2.1software constructs theMalmquist efficiency index based on DEA, studies the Liaoning Province Coastal EconomicArea’s change tendency and the internal agent of infrastructural investment efficiency. Finally,based on analyzing existing financing pattern, according to Coastal Economic Area actualsituation and each kind of infrastructure project characteristic, choose suitable financing patternto different infrastructure project. So the conclusion is as follows: cost increases of the Coastal Economic Area’s fixed assetinvestment can lead the Economy’s growth in a certain extent; Dalian, the Jinzhou and Panjingthree city’s DEA is effective; Yingkou and the Hulutao’s infrastructural investment is technicallyeffective, in scale invalid, scale reward increasing; Dandong’s infrastructural investmenttechnology and scale are invalid, and scale diminishing returns; Coastal Economic Area’sinfrastructural investment efficiency presents the declining trend in total, the primary cause liesin the technology advancement slow and the merely technical efficiency drops. Countermeasuresuggestion: Enlarge the Coastal Economic Area’s infrastructural facilities funding invested,expand the financing channel, choose appropriate financing pattern according to specific items’characteristic, perfect infrastructure’s system of invest and finance.