Economics and Finance

   

Study on Expressway Marketization in China

Authors: Hongqian Feng, Xiaojun Guo

Expressway is the national traffic artery and one of the monopoly basic industries, promoted the development of the economy. Expressway operation is in the initial stage, the country has long been dominated by the operation and management, has been followed by the pace of the times and slowly changing.With the development and accomplishment of Market Economy, many new forms continue to emerge: Expressway and Bridge toll, Sino foreign joint ventures, paid transfer, joint ventures, BOT model etc. But the operation of the expressway is still state-owned in China. Government-oriented operating mode have its advantages, but more disadvantages as well such as high operation cost, low efficiency, rent-seeking and expansion issues also can not be ignored. Therefore, through the analysis of expressway history and its present situation, comparing the advantages and disadvantages between the state-owned expressway operating mode and that of the marketization, we conclude that expressway in China is facing operation mechanism reform and its marketization is imperative. Keywords: Expressway, Marketization, Operation mode JEL Classification: R40, R49

Comments: 9 Pages. Published in The Hellenic Open Business Administration Journal; https://hobajournal.wordpress.com/

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[v1] 2018-07-03 23:45:53

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