The heterogeneous output effects of inter-city and intra-city transportation infrastructure in China are examined using 219 prefecture-level city data from 1999 to 2012. Using the panel fully-modified OLS analysis, we find that at the Chinese prefecture-level city the estimated contribution rate...

What is the relationship between foreign aid and economic growth? This is probably one of the most famous questions in the foreign aid – economic growth debate. Whether this question has been sufficiently answered remains to be known. Developing nations have been and continue to be known to...

This paper explores issues regarding the regional convergence process. We study the per capita income of Andalusia compared with the remaining regions in Spain over period 1965-1995. Using a very simple growth model with public capital as a production factor, we show that infrastructure...

This paper explores the effects of several fiscal variables on regional economic growth in Spain over period 1965-1997. Panel estimates are provided for this sample. The results show that public consumption affects negatively growth, public investment exerts a positive (but non significant)...

This paper studies how the establishment of Nuclear Power Facilities (NPF) in the 1970s and 1980s has affected local per capita income levels in NPF-located municipalities in Japan by using the synthetic control method (SCM). Eight quantitative case studies using the SCM clarify that the effects...

Infrastructure plays a key role in facilitating trade, especially since recent trade liberalization in Asia has resulted in significant tariff reductions. This study quantifies the impacts of both hard and soft infrastructure on trade volume for exporters and importers in the region as well as...

Infrastructure plays a key role in facilitating trade, especially since recent trade liberalization in Asia has resulted in significant tariff reductions. This study quantifies the impacts of both hard and soft infrastructure on trade volume for exporters and importers in the region as well as...

This study estimates the productivity of public capital by constructing the public capital stock of 214 prefectures in China from 1999 to 2006 and combining both the macro-level data of prefectural economies and the micro-level data of manufacturing firms. Using an instrumental variable...

This paper presents the economic figure of South Asian countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The paper incorporates the summary report of South Asian economic stance based on the report of Asian Development Outlook 2017 and IMF's world...

Infrastructure investment is currently enjoying great popularity among governments as a strategy to handle the recent worldwide economic recession. However, the relevant literatures have yet to come to a consistent agreement on how infrastructure, especially transportation, impact economic...