Transportation infrastructure plays an important role in regional economic development both in the stimulation of growth and as a response to output expansion. However, measuring these effects quantitatively has been a challenge due to the complicated impact mechanisms of transportation...

With the implementation of the Belt and Road Initiative (BRI) in the People's Republic of China (PRC), the Trans-Caspian International Transport Route (TITR) has received increasing attention. The corridor connects the PRC and Europe via Central Asian countries. Hence, it plays an important role...

This paper investigates the impact of Chinese high speed rail systems on the tourism industry. Through a multivariate panel analyses, the study confirms that during the period between 1999 and 2010, the emerging high speed rail services do have significant impacts on boosting tourism in China....

This paper introduces a new general equilibrium approach to evaluate economic impact of public transportation capital stock in the US. By treating public transportation capital as separated factor accounts, the model enables us to assess the economic impact of public transportation stock for...

The development of high speed rail infrastructures in the US faces a great challenge given the concern of economic viability and political complexity. However, a deeper investigation reveals that most of these concerns and complexity issues can be explained from a cultural perspective, which...

This paper investigates causal linkages between surface transportation infrastructures and economic performance in the northeast corridor in the United States. To improve the validity of estimation, financial data of highways, public rail and transit are measured in real dollar values. The panel...

This study introduces a new method called Spatial Econometric Computable General Equilibrium (SECGE) model, which integrates both spatial econometrics with computable general equilibrium modeling to improve the effectiveness of impact analysis on transportation infrastructure. Elasticities of...

We expand the traditional specification of the tax gain from leverage by accounting for the choice between issuing debt and utilizing internal retained earnings equity. Standard analyses focus solely on the choice between debt and external equity. This results in the traditional tax gain from...

We investigate the joint effect of managers' self-inclusive language (SIL) and performance news on investors' reactions to accounting disclosures. We identify two types of SIL: individual SIL, which includes first-person singular pronouns (e.g., I, me) and collective SIL, which includes...

Banks' use of accounting discretion in estimating loan loss provisions (LLPs) during the financial crisis has come under severe criticism. We argue, however, that it is during periods of instability like the financial crisis that accounting discretion is most relevant. We find that the...