Research on the Investment Efficiency of Transport Infrastructure in Countries Along the Belt and Road

Bingyao Chen () and Xuemeng Guo ()
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Bingyao Chen: Beijing Jiaotong University
Xuemeng Guo: Beijing Jiaotong University

A chapter in IEIS 2020, 2021, pp 155-168 from Springer

Abstract: Abstract Adopting Stochastic Frontier Analysis (SFA), we firstly estimate the investment efficiency of transport infrastructure in 20 countries along the Belt and Road from 2000 to 2017, and then we empirically examine the impacts of the public–private partnership (PPP) and the Belt and Road Initiative (BRI). The results show that, from 2000 to 2017, the average transport infrastructure investment efficiency of these 20 countries is 0.552, with different degrees of resource waste and efficiency loss, despite the improvement trend is sound. And the efficiency of the developed countries is higher. The results also manifest that the application of PPP, the increasing amount of and investments on PPP projects all significantly helped improve the efficiency, which implies a good effect of PPP. Moreover, the efficiency had been significantly improved since the BRI was put forward in 2013, which proves the value and effectiveness of this worldwide policy.

Keywords: Stochastic frontier analysis (SFA); Public–private partnership (PPP); The belt and road initiative (BRI); Transport infrastructure; Investment efficiency (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-4363-4_12

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DOI: 10.1007/978-981-33-4363-4_12

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