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The city is playing an important role in the social economic development. The research on influencing factors, formation mechanisms and problems in the development of cities, especially the relationship between urban electric power and economy growth, is significant to make urban development strategy and complete the urban electric power planning. In this paper, based on the maximum entropy method,...
In this paper, the city input-output efficiency analysis which includes electric power input has been done based on the extension models of DEA to Chinapsilas typical cities. At first, it established index system of comprehensive evaluation of city efficiency, and did input-output-effectiveness evaluation which include electric power input for China's 23 cities in 2006 and sorted by the urban development...
For an engineering project with running income, the result of time-cost trade-off problems (TCTP) concerning construction duration is only partly optimal. More cash flow happens during the running period, and the final goal of clients is to obtain the maximal profit across the lifecycle of engineering projects. In some situations, the cost of compressing construction duration even exceeds the increase...
The paper examines the long-run relationship between per capita income growth, energy consumption, and pollutant emissions in China during the period 1953-2004. We find that energy consumption, pollutant emissions and income are cointegrated in the long run. To supplement the findings of cointegrating analysis, we assess the causal relationships using Granger causality test and find strong evidence...
Energy saving is a long strategic mission and current pressing task. The paper analyzes the situation and problem existing in the supplying and consuming of energy in Jiangsu Province. By studying the guidance idea, meanings and characteristics, it constructs the index system of comprehensive evaluation of Jiangsu Province, adopts the triangle fuzzy number method to make the rank of evaluation, combines...
Using an aggregate production model where capital, labor and energy are treated as separate inputs, this paper tests for the existence and direction of causality between output growth and oil consumption in China. Using the Johansen cointegration technique, the empirical findings indicate that there exists long-run cointegration among output, labor, capital and oil consumption in China. Then using...
Through collecting official statistics as much as possible, 2005 social accounting matrix (SAM) of China is built up. Based on the 2005SAM, the method of matrix multiplier is adopted in the analysis of the impact of electricity price adjustment on the departments of national economy and the quantification of the impact. It is revealed that the impact of multiplier on capital account (the expenditure...
This paper applies two methods to evaluate the economic effects of the policy of "replacing small units with large ones (RSWL)," one is Discounted Cash Flow (DCF) method which performs a technology economic analysis both from the financial and the economic perspectives, the other one is to use the Real Option theory to study the lagging investment problem of the big unit. Through an illustrative...
A comprehensive and objective post-evaluation of rural electric network reformation (RENR) will bring a scientific suggestion for decision-making with the financing is shortage. In this paper, on the base of analyzing methods used in post-evaluation before, a new model, which integrated with fuzzy theory, interval number and analytic hierarchy process (AHP), is proposed. Multi-factors and information...
Construction projects are one-off endeavors with many unique features such as long period, complicated processes, abominable environment, financial intensity and dynamic organization structures and such organizational and technological complexity generates enormous risks. And environmental and economical dimensions throughout the life cycle of the construction project, so the construction project...
Because of the inter-reacted relationship between enterprises in industrial cluster is quite similar with that of biotic community, this paper made use of ecological theory and method to establish the mathematic model of competition and cooperation among enterprises, using which to further analyze the sustainable development of industrial cluster. The main conclusions of this paper are as follows:...
Public service is a special mission, which is to resolve public issues involved the whole community. However, given the goals of building a harmonious society evidence shows that investment on public service in China is still insufficient. This article explores the incentive of local government on public service. Using game-theoretic framework this paper analyzes the possible strategies and payoffs...
In this paper, the framework of variations in technology efficiency is proposed based on stochastic frontier production function. And then this paper measures the contributions of different factors to Chinapsilas telecommunications industry temporal variation of technology efficiency from 1992 to 2005. The results show that: (1) technology efficiency ratio, the total factor productivity ratio, and...
There are a number of residences with low income in China that cannot afford the current electricity price. The lifeline electricity price is the price that the government set up to satisfy the basic living demand for low-income group. This paper aims at these people, the urban and rural, tries to develop a model of lifeline electricity price and consequently gives some suggestions for government.
In this article we attempt to reexamine the familiar relationship between forward rate and future spot rate using RMB-USD on daily basis. By means of using cointegration techniques, we find that the RMBpsilas future spot rate and the current forward exchange rate have a long stable relationship and Granger causality testing proved that RMBpsilas spot exchange rate can be treated as an exogenous. However,...
This paper investigates the effect of debt financing in electric power listed company through an empirical research with the regression analysis method. According to the capital structure theory, the effect of debt financing lies in financial leverage effect, the tax shield effect and the company governance effect. Considering the characteristics of the electric power industry, we makes a detailed...
Through the statistical analysis of 51 electric power listed company, this paper shows the specific industry characteristics in electric power listed company, and makes detailed study on the electric power listed company's effect, tax shield effect and corporate governance effect of debt financing, then use empirical method to prove them. The empirical results show that, for the electric power listed...
Based on the actual control of listed companies as the standards of the ultimately control, the state-controlled listed companies will be divided into county government control, the municipal government control, the provincial government control and the central government control. this paper provides an analysis of the relationship between government control level and cash dividends of the listed...
This paper investigates the relationship between Merger and Acquisition (M&A) investment and the financing decisions influenced by market uncertainty. The study has shown that the M&A debt capacity decision influences the M&A investment timing and price decision. We also find out that making the decision of M&A debt capacity is based upon evaluating its influences on the M&A value...
Corporate divestiture is the earliest method of contracting capital operation. With the development of capital market, the evaluation of performance of corporate divestiture is becoming more and more important. There are usually two methods to evaluate the performance of divestiture, that is event study approach and accounting index approach, but they both have some shortcomings. Based on the methodology...
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