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The Study On The Risk Of Financing About Rural Infrastructure Construction

Posted on:2015-04-22Degree:MasterType:Thesis
Country:ChinaCandidate:P NieFull Text:PDF
GTID:2309330452468300Subject:Civil engineering construction and management
Abstract/Summary:PDF Full Text Request
In recent years, great achievements have been obtained in rural infrastructureconstruction., However, the construction of rural infrastructure still couldn’t keep upwith the pace of national development because of insufficient funds. There have beensome concerning and hot issues, for exam[le how to raise funds for the construction ofrural infrastructure, reduce the risk of investors, and mobilize the enthusiasm ofinvestors. This paper does some research which has certain practical significance andtheoretical value.Based on the relevant literatures, the existing problems and financing models ofrural infrastructure construction are analyzed. Referring to the financing experience ofdomestic and foreign basic rural construction, the interests of stakeholders to fundconstruction projects are divided into the deterministic, expected and latent according toChina’s actual conditions. From the perspective of physical mechanics, the dynamicchanges of three types of stakeholders in financing process are analyzed and the articleproposes that survival of financing projects can be sustained by adjusting potentialfinancing stakeholdersBy using evolutionary game theory, the paper proposes game analysis about thestakeholders of rural infrastructure project financing, such as the government andenterprises, the government and the farmers.Owing to the lack of stable cash flow in rural infrastructure projects, the risk offunds is taken into consideration by investors. According to the characteristics ofbehavioral risk caused by the stakeholders in financing stage, the AHP and greyclustering models are built to provide the theoretical reference for the decision-maker. Then, combined with the engineering examples, the paper uses the evolutionary gametheory to study the interest conflicts between the government and enterprises or farmersand comes up with some solutions. By applying for AHP-grey clustering method, thebehavioral risk caused by various stakeholders is analyzed qualitatively andquantitatively. Finally, this paper provides some countermeasure and suggestions onconstruction funds of rural infrastructure.
Keywords/Search Tags:rural infrastructure, financing, evolutionary game theory, AHP-greyclustering method
PDF Full Text Request
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