This paper studies regional treatment effects of infrastructure projects on economic growth, employment and intermodal transport volumes. The recent Belt and Road Initiative provides an experiment that can be evaluated using matching econometrics. Our results show that the establishment of a new...

In earlier times economists used to view the world in terms of dual economic models. For Marx the Asiatic mode of production(1) was the concept which was the counterpart of the Western feudalism from which the capitalist regime and bourgeois society emerged: Weber regarded the Confucian...

According to the author, the favourable geographical direction and the common track gauge of the railway networks of the USSR and the PRC can well serve to expand mutual and international traffic, including transit (Europe - Far East) traffic, and to co-ordinate the efforts of the USSR and China...