Elhan-Kayalar, Yesim; Kucheryavyy, Konstantin; Nose, Manabu - 2023
This paper provides new evidence of the effects of road construction on both domestic and international trade flows in … those supported by multilateral development banks. We find that road construction helped to reduce trade costs significantly … internal trade costs decreases by 20%, and the ad valorem rate of international trade costs decreases, on average, by 15 …