This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...

China's Belt and Road Initiative (BRI) has recently attracted global attention. The aim of BRI is to enhance bonding relations between China and the Belt and Road (BR) countries in terms of socioeconomic cooperation through investment in the construction of basic infrastructure. A growing number...

Abstract: Das Auftreten von Interdependenzen zwischen Verkehrsinfrastrukturmaßnahmen stellt sowohl Bewertung und Priorisierung von Projekten, als auch die Bestimmung einer optimalen Projektkonfiguration vor eine Herausforderung. An Beispielen wie des Rostocker Warnowtunnels oder der Autobahn M1...

The study introduces and applies the concept of spillover effects to high-speed rail development to formulate the economic impact on increasing the regional tax revenue. The previous study covered JR-Kyushu's development of the Kyushu Shinkansen (Kagoshima Route) in Kyushu region, Japan. The...