The Efficiency and Influencing Factors of Resource Allocation in Toll Road Industry of China

China Business and Market - - NEWS -

BAI Peng-rui1,2 and XU Hai-cheng2 (1.Shanxi University of Finance & Economics,Taiyuan030006,China;2.Chang’an University,Xi’an710064,China)

Abstract:The toll road industry of China includes such links as construction,operation and maintenance,which concerning a large amount of capital and labor resources;and the effective resources allocation is of great significance for the development of this industry. Based on panel data of China’s toll road enterprises from 2009 to 2016,the authors build index system of resources allocation efficiency in toll road industry,measure resources allocation efficiency,and analyze the influence factors of resources allocation in this industry. The results show that:it isn’t ideal for resources allocation in the toll road industry;different type of operation and different regions will result in different efficiency;and administrative monopoly is the main cause for the low efficiency. To improve resource allocation efficiency of toll roads industry,we should divide definitely government and market, build standardized regulation system suitable to market-oriented reform and beneficial to efficient operation,and reform property right structure and management system.

Key words:toll road;resource allocation efficiency;administrative monopoly;property right structure;management system

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