The Implications of the New Silk Road Railways on Local Development

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.

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Year of publication:	2019
Authors:	Fang, Ling ; Kleimann, Martin ; Li, Yuan ; Schmerer, Hans-Jörg
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	infrastructure \| development \| trade

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Series:	CESifo Working Paper ; 7923
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1681425394 [GVK] hdl:10419/207314 [Handle] RePec:ces:ceswps:_7923 [RePEc]
Classification:	F00 - International Economics. General ; F15 - Economic Integration ; F19 - Trade. Other
Source:	EconStor

Persistent link: https://www.econbiz.de/10012141124