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Mathematical Problems in Engineering
Volume 2015 (2015), Article ID 790867, 8 pages
http://dx.doi.org/10.1155/2015/790867
Research Article

Evaluation of Urban Infrastructure Investment Efficiency: Empirical Evidence from Heilongjiang Province, China

School of Management, Harbin Institute of Technology, No. 13 Fayuan Street, Harbin, Heilongjiang 150001, China

Received 19 May 2015; Revised 20 September 2015; Accepted 7 October 2015

Academic Editor: Sajid Hussain

Copyright © 2015 Xiaodong Yang et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

The rapid growth of urban infrastructure investment in China has brought with it some serious problems that cannot be ignored, such as low investment efficiency and faulty investment decision-making. Therefore, based on the latest research findings related to infrastructure efficiency evaluation theory and evaluation methods, this paper uses empirical evidence from Heilongjiang province to analyze urban infrastructure investment efficiency. To analyze investment efficiency in the province, a new infrastructure investment efficiency evaluation model is developed known as the SDEA-Malmquist model. The model reveals that urban infrastructure investment projects in Heilongjiang province are relatively effective and stable but that the efficiency of such investments varies according to the city in which they are made. Overall efficiency is consistent with the TFC (total final consumption) index, but the index fluctuates within a narrow range between cities due to technological differences.