This paper endogenizes the spatial distribution of infrastructure investment and transportation costs. Transportation costs between two addresses depend on cumulative infrastructure investment. In a continuous space setting with several independent countries or regions, consumers demand domestic...

This paper analyses the potential impacts on global trade initiated by the Belt and Road Initiative. The Initiative is examined as a collection of planned transport-corridor developments and discusses their impact on maritime trade flows.

This paper studies the impact of transport infrastructure projects of the Belt and Road Initiative on shipment times and trade costs. Based on a new data on completed and planned Belt and Road transport projects, Geographic Information System analysis is used to estimate shipment times before...

The Belt and Road Initiative, due to its diverse and extensive infrastructure investments, poses a wide range of environmental risks. Some projects have easily identifiable and measurable impacts, such as energy projects' greenhouse gas emissions. Others, such as transportation infrastructure,...