The nexus of the modes of financing, trade, and transport-related infrastructure, quantum of trade activities, and economic growth is the core area of this paper. It covers the impacts of regional economic integration of Central Asia Regional Economic Cooperation (CAREC) member countries on...

This paper develops a computable spatial equilibrium model of Central Asia and uses it to analyze the possible effects of the Belt Road Initiative on the economy of the region. The model captures international and subnational economic units and their connectivity to each other and the rest of...

This paper presents three approaches to the evaluation of cross-border transport infrastructure in the Greater Mekong Subregion (GMS). First, it estimates benefit-cost ratios for selected segments of economic corridors. The results indicate differing degrees of economic viability among different...

Initiated under the Presidency of Xi Jinping in 2013, the Belt and Road Initiative (BRI) is still a young, yet a fast-developing and most ambitious regionalist project. Despite BRI's great potential to shape international trade and - more broadly - international relations amongst participating...

This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...

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,...

Most studies of the effects of transport infrastructure on the performance of individual firms have focused on marginal expansions of the rail or highway network over time. In this paper, we study the short-run effects of a large discrete shock in the quality of transport infrastructure, viz....

Avoiding unmanageable climate change implies that global greenhouse gas emissions must be reduced rapidly. A significant body of literature shows that policy instruments such as carbon prices can make an important contribution to this goal. In contrast, changes in preferences or values are...