China will likely become the largest market in the world for new large civil aircraft (LCA), with global LCA manufacturers expecting to sell 100 LCA per year in the Chinese market for the next twenty years, or one every three to four days, at a total value ranging up to $350 billion. The...

This paper examines the impact of China's large-scale high-speed rail (HSR) expansion, announced in June 2016, on low-cost carriers (LCCs) and the associated benefits assessment of the expansion program. Our analysis suggests that HSR imposes a greater threat to LCCs than to full service...

This paper analyzes the impact of the high-speed train (HST) roll-out on air carriers' route network decisions in China. Using unique hand-collected data on the timing of the HST roll-out and airline networks, we estimate a dynamic oligopoly model of air-route entry and exit that accounts for...

As the importance of Chinese financial schemes in maritime business increases, and many issues on the ownership of the assets under the current Law remain obscured for international investors, this work argues that a streamlining to international practice is required; therefore, the ownership of...

This paper explores patterns of governance and public finance in development through dissecting the substantiation of transportation infrastructure. We propose three propositions: modern society has increasing demands for government in promoting socio-economic progress; infrastructure is the...

As the importance of Chinese financial schemes in maritime business increases, and many issues on the ownership of the assets under the current Law remain obscured for international investors, this work argues that a streamlining to international practice is required; therefore, the ownership of...