Study On Green Public Investment Efficiency In China

The21st century, with the rapid economic growth, we are also faced with manytrials, such as socio-economic development,at the same time, how can we avoid theenormous sacrifice of natural and environmental resources, and how two-orientedsociety in the development of environmental protection and resource conservation cansustained national economy, how to make the best efficiency of public investment,which is not only the concern of the world, but also our social and economicsustainable development. Current efficiency for green public investment, despite theannual the green total public investment in China is increasing, but relative to its ownrapid growth of green public investment efficiency is quite poor, and the size of theinvestment value far less than optimal scale values. Therefore, a detailed study ofgreen public investment efficiency is necessary for our country, it can achievesustainable development and building a harmonious society to provide sometheoretical basis, but also to provide some policy recommendations to enhanceChina’s green public investment efficiency.Absorbed a number of other scholars in related fields of research results,combined with theoretical analysis, investment and public investment in green publicinvestment with the principle of sustainable development, green public investmentefficiency and measurement principles of public investment on China’s greeneconomy efficiency, scale efficiency, structural efficiency, as well as the provinces ofgreen public investment in economic efficiency empirical analysis, the mainconclusions are:(1) the average economic efficiency is low, public investment in green resourcesredundancy is more, not to achieve the optimum economic efficiency, along with ourcountry government to green public investment funds increased year by year, there aregreen decreasing public investment scale of the problem.(2) green public investment in most areas of China are DEA efficiencyphenomenon, it also remind our central and local government departments should payattention to green the allocation between the public investment in each area, andaccording to the actual situation of each region to make some reasonable policy.(3) empirical get green optimal scale of public investment in China is8.62%ofGDP, while the period1982-2011the size of the green public investment value is less than2%, visible green public investment scale of deficiencies in our country, also hasthe very big growth space.(4) the green structure of public investment efficiency to around2000in thewatershed, after2000, structure efficiency gets improved. But in the internationalhorizontal comparison, compared with the developed countries and some developingcountries, green, the structure of public investment efficiency in China is relativelylow, there is big room to improve.To sum up, green public investment efficiency in our country is: the economicefficiency of the optimal redundancy, resources, investment scale, structure, efficiencyis low. According to this phenomenon, and according to the method of theorycombining with practice, put forward policy recommendations to improve the greenpublic investment efficiency in China.