Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importance of these two mechanisms in Asian development...

Development economists have considered physical infrastructure to be a precondition for industrialization and economic development. Yet, two issues remain to be addressed in the literature. First, while proper identification of the causal effectiveness of infrastructure in reducing poverty is...

This paper provides new evidence of the effects of road construction on both domestic and international trade flows in the People's Republic of China (PRC) using customs data and information on transport investments in the region, including those supported by multilateral development banks. We...