The Implications of the New Silk Road Railways on Local Development
Ling Fang,
Martin Kleimann,
Yuan Li and
Hans-Joerg Schmerer (hj.schmerer@gmail.com)
No 7923, CESifo Working Paper Series from CESifo
Abstract:
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 railway connection is not systematically associated with short-run economic growth. However, it spurs employment and road freight by stimulating intermodal transport.
Keywords: infrastructure; development; trade (search for similar items in EconPapers)
JEL-codes: F00 F15 F19 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-tre and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_7923
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