This study analyzes the impact of a high-speed rail line on tax revenues and on the economy of affected regions within the country. The economic impact of infrastructure investment can be induced by changes in tax revenues when the infrastructure is in operation. Accurate regional GDP data are not necessarily available in many Asian countries. However, tax data can be collected. Therefore, this study uses tax revenue dates in order to estimate spillover effects of infrastructure investment. The Kyushu high-speed rail line was constructed in 1991 and was completed in 2003. In 2004, the rail line started operating from Kagoshima to Kumamoto. The entire line was opened in 2011. We estimated its impact in the Kyushu region of Japan by using the differencein- difference method, and compared the tax revenues of regions along the high-speed railway line with other regions that were not affected by the railway line. Our findings show a positive impact on the region’s tax revenue following the connection of the Kyushu rapid train with large cities, such as Osaka and Tokyo. Tax revenue in the region significantly increased during construction in 1991–2003, and dropped after the start of operations in 2004–2010. The rapid train’s impact on the neighboring prefectures of Kyushu is positive. However, in 2004–2013, its impact on tax revenue in places farther from the rapid train was observed to be lower. When the Kyushu railway line was connected to the existing high-speed railway line of Sanyo, the situation changed. The study finds statistically significant and economically growing impact on tax revenue after it was completed and connected to other large cities, such as Osaka and Tokyo. Tax revenues in the regions close to the high-speed train is higher than in adjacent regions. The difference-in-difference coefficient methods reveal that corporate tax revenue was lower than personal income tax revenue during construction. However, the difference in corporate tax revenues rose after connectivity with large cities was completed. Public–private partnership (PPP) has been promoted in many Asian countries. However, PPP-infrastructure in India failed in many cases due to the low rate of return from infrastructure investment. This study shows that an increase of tax revenues is significant in the case of the Kyushu rapid train in Japan. If half of the incremental tax revenues were returned to private investors in infrastructure, the rate of return from infrastructure investment would significantly rise for long period of time. It would attract stable and long-term private investors, such as pension funds and insurance funds into infrastructure investment. The last section of the paper will address how incremental tax revenues created by the spillover effects of infrastructure will improve the performance of private investors in infrastructure investment.
In this study, the effect of porogenic solvents on pore size distribution of the polycaprolactone (PCL) thin films was investigated. Five thin PCL films were prepared using the solvent-casting method. Chloroform, Methylene Chloride (MC) and three different compositions of MC/ Dimethylformamide (DMF) (80/20, 50/50 and 20/80) were used as solvents. Scanning Electron Microscopy (SEM) investigations were employed to study morphology and consequently the pore size distribution of the prepared films. The PCL films made by chloroform and MC as a solvent were completely non-porous. Whereas the other films (made by a combination of MC and DMF) showed both uni-modal and bi-modal pore size distributions.
Using a newly developed data set, we analyze the effects of infrastructure investment on economic performance in Portugal. A vector-autoregressive approach estimates the elasticity and marginal products of twelve types of infrastructure investment on private investment, employment, and output. We find that the largest long-term accumulated effects come from investments in railroads, ports, airports, health, education, and telecommunications. For these infrastructures, the output multipliers suggest that these investments pay for themselves through additional tax revenues. For investments in ports, airports and education infrastructures, the bulk of the effects are short-term demand-side effects, while for railroads, health, and telecommunications, the impact is mostly of a long-term and supply-side nature. Finally, investments in health and airports exhibit decreasing marginal returns, with railroads, ports, and telecommunications being relatively stable. In terms of the other infrastructure assets, the economic effects of investments in municipal roads, electricity and gas, and refineries are insignificant, while investments in national roads, highways, and waste and waste water have positive economic effects but too small to improve the public budget. Clearly, from a policy perspective, not all infrastructure investments in Portugal are created equal.
Investment growth in many emerging market and developing economies (EMDEs) has slowed sharply since 2010. Investment growth performance has varied significantly across different regions, however. This paper examines the evolution of investment growth in six EMDE regions, documents remaining investment needs, especially for infrastructure, and presents a set of region-specific policy responses to address these needs. It reports three main findings. First, investment growth has been particularly weak in EMDE regions hosting a large number of commodity exporters. In regions with a substantial number of commodity-importing economies, investment growth has been somewhat resilient but has also declined steadily since 2010. Second, sizable investment needs remain in most EMDE regions to make room for expanding economic activity and rapid urbanization. A large portion of these investment needs is in infrastructure and human capital. Finally, while specific policy priorities vary across regions, several policy options to address remaining investment needs apply universally. These include more, and more efficient, public investment and measures to improve overall growth prospects and the business climate. Improved project selection and monitoring, as well as better governance, may enhance the efficiency and benefits from public investment.
Nowadays, our life needs more and more electricity, and our lives cannot be without electricity, which requires our power to develop more quickly. Power plants are undoubtedly the place where electricity is produced. And now most of the power plant or chemical energy can be converted into heat, and then through the heat to do power production. The boiler is the main part of the power plant. Boiler unit consists of boiler body equipment and auxiliary equipment. The main body of the boiler consists of 'pot' (soft drinks system) and 'furnace' (combustion system). Baotou thermal power plant is mainly burning gas. The gas and air are at a certain rate into the furnace burning. This can greatly reduce the pollution of the environment, but also the full use of fuel. The soda system is mainly carried out in the drum. The heat generated by the combustion system heats the water in the drum, producing steam and then pushing the steam turbine into mechanical energy and finally into electrical energy. This has a high demand for water level, water composition, and the temperature of the steam produced in the drum. The water level should have upper and lower bounds, keeping it within a certain range. Water level is too high, will affect the steam drum soda separation effect, so that the steam drum exports of saturated steam with water increased, causing damage to the turbine, will cause serious explosion. And the water level is too low, it will affect the natural circulation of the normal, serious will make the individual water pipe to form a free water, resulting in flow stagnation, resulting in local metal wall overheating and burst pipe. Water in the heating at the same time will form a lot of scale, if not the chemical treatment of water will be in the formation of scale in the drum, cleaning more difficult, so the damage to the drum. The pressure of the drum is also an important control variable, and pressure control is highly correlated with liquid level control. It is necessary to ensure the integrity of the equipment, but also to ensure safety, followed by ensuring that the process of normal operation of the drum water. This time, the design is mainly for the unit steam temperature control system design. Steam temperature is one of the important indicators of boiler operation quality. It is too high and too low will significantly affect the power plant safety and economy. If the temperature of the steam is low, it will cause the power plant to increase the heat consumption and increase the axial thrust of the turbine to cause the thrust bearing to overload, but also cause the steam turbine to increase the final steam humidity, thus reducing the efficiency of the turbine, aggravating the erosion of the blade. On the contrary, the steam temperature is too high will make the super-heater wall metal strength decreased, and even burn the high temperature of the super-heater, the steam pipe and steam turbine high-pressure part will be damaged, seriously affecting safety. The boiler temperature control system mainly includes the adjustment of the superheated steam and the reheat steam temperature. The superheated steam temperature is the highest temperature in the boiler soda system. The stability of the steam temperature is very important for the safe and economical operation of the unit. Therefore, in the boiler operation, must ensure that the steam temperature in the vicinity of the specified value, and the temperature of the super-heater tube wall does not exceed the allowable working temperature.
Coal is important basic energy and important raw materials, the development of coal industry to support the rapid development of the national economy. In the 1950s and 1960s, the proportion of coal in China's primary energy production and consumption structure accounted for 90% and 80% respectively, and the proportion of coal in 2004 was 75.6% and 67.7% respectively. In recent years, with the rapid development of fully mechanized mining equipment manufacturing technology, fully mechanized mining equipment to heavy, strong and automated, so that the reliability of the equipment is guaranteed, a strong impetus to the development of large mining technology, new round of coal mining technology revolution, the current in the East, Jincheng and other mining areas have been the first in the thick coal seam f = 1.5-5 use of large mining height fully mechanized mining equipment, to achieve the highest efficiency, the lowest cost of tons of coal. The main points of this paper are: in the production of coal enterprises to improve the competitiveness of the coal market. Conditions and conditions of coal storage conditions should be allowed to give priority to the use of large mining and mining methods.
Copyright © by EnPress Publisher. All rights reserved.