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This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
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This paper discusses incentives for investments in transport infrastructure and commuting subsidies in a multi …-region framework. Responsibilities of fiscal treatment of commuting expenses, public provision of road infrastructure and road pricing … commuting from a peripheral, less productive area to an urban agglomeration or city center. The interactions between investment …
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This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in...
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