The Benefits of Regional Infrastructure Investment in Asia: A Quantitative Exploration

Fan Zhai

No 223, ADBI Working Papers from Asian Development Bank Institute

Abstract: Capitalizing on recent estimates of infrastructure financing requirements in Asia, this paper frames a scenario for infrastructure development in the region and estimates the external effects of infrastructure investment. It also assesses quantitatively the economy-wide welfare effects of developing regional infrastructure in Asia, using a global computable general equilibrium model. The results show that developing Asian economies would gain significantly from the expansion of regional infrastructure in transport and communication. With annual investment of around US$800 billion in transport, communication, and energy infrastructure during 2010-2020, developing Asia is likely to reap welfare gains of US$1,616.3 billion (in 2008 prices) in 2020, or 10% of projected aggregate gross domestic product.

Keywords: asian infrastructure financing; asian regional infrastructure; asian infrastructure development (search for similar items in EconPapers)
JEL-codes: C68 F15 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2010-06-30
New Economics Papers: this item is included in nep-cmp, nep-sea and nep-ure
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The Benefits of Regional Infrastructure Investment in Asia: A Quantitative Exploration (2010)
Working Paper: The Benefits of Regional Infrastructure Investment in Asia: A Quantitative Exploration (2010)
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