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An impact evaluation of investment in infrastructure : the case of the railway connection in Uzbekistan

Yoshino, Naoyuki; Abidhadjaev, Umid - 2015

The objective of this paper is to examine the nature and magnitude of the effects of infrastructure provision on regional economic performance. The empirical evidence of our analysis is based on difference-in-difference estimation linking the changes in the growth rate of regional-level economic...

Persistent link: https://www.econbiz.de/10011385223

The fiscal risk of local government revenue in the People's Republic of China

Fan, Ziying; Wan, Guanghua - 2016

Since the Tax Sharing Reform in 1994, the local government revenue of the People's Republic of China (PRC) has faced downward risk problems. This paper reviews the fiscal and taxation reforms in the central and local governments of the PRC and focuses on evaluating the effectiveness of fiscal...

Persistent link: https://www.econbiz.de/10011453331

Trans-Pacific rebalancing : Thailand case study

Chalongphob Sussangkarn; Nikomborirak, Deunden - 2011

Since the Asian financial crisis in 1997, Thailand has become highly dependent on export as the engine of economic recovery and growth. In 2008, the ratio of export to gross domestic product (GDP) was 76.5%. The global economic crisis triggered by the sub-prime loans debacle in the United States...

Persistent link: https://www.econbiz.de/10008933443

Long-term issues for fiscal sustainability in emerging Asia

Kawai, Masahiro; Morgan, Peter J. - 2013

The aftermath of the global financial crisis of 2007-08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly thereafter,...

Persistent link: https://www.econbiz.de/10009782133

Managing the risks of public infrastructure financing : toward sustainability

Zhao, Quanhou; Liu, Wei; Long, Xiaoyang; Sun, Jiaxi; … - 2020

Infrastructure construction is one of the basic driving forces of social and economic development. Since 1978, the construction of infrastructure in the People's Republic of China (PRC) has experienced rapid development, which has given a strong impetus to the PRC's modernization. But behind the...

Persistent link: https://www.econbiz.de/10012239709

Reevaluating the economic benefits of the Lao People's Democratic Republic (Lao PDR)-People's Republic of China high-speed rail and its implications for fiscal stability of the Lao...

Lane, Jonathan Andrew - 2020

This paper explores the challenges created by debt and fiscal stability in countries where major infrastructure investment is proposed. This paper specifically focuses on the Lao People's Democratic Republic (Lao PDR) and the $6 billion Lao PDR-People's Republic of China (PRC) high-speed railway...

Persistent link: https://www.econbiz.de/10012289885

Quality infrastructure and natural disaster resiliency

Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Mortha, Aline - 2019

A review of the academic literature on the topic has proved that most studies have been focused on how to finance the risk and indemnify the damages caused by an earthquake, rather than on mitigation measures. This study assessed the impact of quality infrastructure, development indicators and...

Persistent link: https://www.econbiz.de/10012062608

Approaches to measure the wider economic impacts of high-speed rail and experiences from Europe

Rothengatter, Werner - 2019

The European Union introduced the concept of Trans-European transport networks in 1996 and developed it from a set of projects into a comprehensive network plan in 2013. The high-priority components of this plan (for 2050) are a core network and nine core network corridors (CNCs), which the...

Persistent link: https://www.econbiz.de/10012007535

The impact of government support on the performance of Indonesia's state-owned enterprises

Nugroho, Hendro - 2019

This study analyzes the impact of government support on the financial performance of Indonesia's state-owned enterprises (SOEs). I employ the ordinary least square (OLS) method with firm and year fixed effects in addition to clustered standard errors. The findings show that government support...

Persistent link: https://www.econbiz.de/10012037817

A framework to study the role of structural transformation in productivity growth and regional convergence

Fukao, Kyōji; Paul, Saumik - 2018

We show that σ-convergence in regional productivity growth can be approximated by σ-convergence in sectoral … productivity growth and σ-convergence in structural transformation-led productivity growth. Applying this framework to Japanese … prefecture-level data from 1874 to 2008, we find support for substantial convergence effects of structural transformation in the …

Persistent link: https://www.econbiz.de/10011843800