Does infrastructure have a transitory or longer-term impact? Evidence from China

Zhang, Yin-Fang; Ji, Shengbao

doi:10.1016/j.econmod.2018.03.014

Cited by 16 publications

(6 citation statements)

References 34 publications

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“…The magnitude of the coefficient is 0.126 or 0.148, in the range of estimates in cross-country studies which use samples including developing economies and employ indicators of individual infrastructural sectors. The coefficients are also similar in size to those found on electricity and telecoms infrastructure for a full sample of Chinese provinces in Zhang and Ji (2018) and that on transport stocks in Yu et al (2012). The magnitude of infrastructure's coefficient in our analysis is relatively larger in comparison with the results of Calderón et al (2015) in which a composite infrastructure indicator is registered with a coefficient around 0.8 for a sample of 88 industrial and developing countries including China.…”

Section: Estimation Results From Long-run Cointegration Relationshipsupporting

confidence: 75%

Infrastructure and long-run economic growth: evidence from Chinese provinces

Ouattara

Zhang

2018

Empir Econ

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This paper attempts to shed empirical light on one of the oldest debates in the literature on infrastructure-whether infrastructure capital contributes to aggregate output in the long run, and related to that, whether investing in infrastructure is an effective tool to promote regional development. Drawing from a panel data set of 29 Chinese provinces over the period 1985-2012, it constructs a synthetic infrastructure index and employs panel time series techniques. The findings suggest that infrastructure is, on average, a strong determinant of economic growth and that there are provincial differences in the marginal productivity of infrastructure due probably to differences in the relative shortage or overprovision of infrastructure stocks. Therefore, policy makers should use infrastructure investment as a means of boosting output or promoting regional development only to the extent that it does not lead to oversupply of infrastructure.

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Section: Estimation Results From Long-run Cointegration Relationshipsupporting

confidence: 75%

Infrastructure and long-run economic growth: evidence from Chinese provinces

Ouattara

Zhang

2018

Empir Econ

Self Cite

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“…Specifically, the positive effect of rail network density on regional economic growth is found to be significant in the east and north of China and the positive effect of accessibility change is found to be more significant in the Middle Reaches of Yangtze River [29]. Interestingly, one recent study also found that railway infrastructure falls short of other physical capital in promoting aggregate output in China [30]. Additionally, China's high-speed rail facilitate market integration, mitigate the cost of megacity growth, and improve the sustainability of development [19,22].…”

Section: Literature Reviewmentioning

confidence: 95%

Impacts of the Qinghai–Tibet Railway on Accessibility and Economic Linkage of the Third Pole

Gong

Deng

et al. 2018

Sustainability

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Constructing the Qinghai–Tibet Railway (QTR) was a landmark project and was beneficial to the sustainable development of the Third Pole. To understand the sustainable development of remote regions by the provision of railway, we studied the QTR’s impact on accessibilities and economic linkages for four cities in the Third Pole, Xining, Golmud, Nagqu, and Lhasa, and between these four cities and 29 capital cities in mid-eastern China. First, employing average shortest travel time (ASTT) and weighted average travel time (WATT) as indicators, we calculated the railway-based accessibilities for June 2006 and January 2013. Then, using a gravity model, railway-based economic linkages were determined. The results demonstrate that: (i) ASTT for Xining–Golmud decreased by 4.14 h from June 2006 to January 2013. Both ASTT and WATT indicated that the accessibilities of the four cities and between these four cities and 29 capital cities in mid-eastern China improved significantly, and the spatial disparity in accessibility for the four cities decreased, which increased the balance and sustainability of the transportation system; (ii) the average contribution rate of the QTR to improving economic linkages for six routes among the four cities was 25.29%, with the Xining–Nagqu and Nagqu–Lhasa linkages improving most significantly; (iii) the QTR strengthened economic linkages between the four cities and mid-eastern cities. Because of the QTR, the economic linkages between the four cities and 29 capital cities increased 27.58% on average. The spatial disparity in interurban economic linkages also decreased. Transporting products from Tibet should be promoted to strengthen the sustainability of economic growth.

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“…Improved transportation infrastructure promotes economic growth by allowing enterprises to access the market, moving raw materials from various locations, and stimulating industrial production. (iii) Improved logistics infrastructure attracts more foreign direct investment, which is a critical engine for host country economic growth (Hong, 2007; Zhang & Ji, 2018) and (iv) Advanced logistics infrastructure reduces transportation costs and thus promotes industrialization, resulting in increased productivity, market accessibility, and local firm competition(Liu & Zhang, 2018; Murakami et al, 2016).…”

Section: Theorizing the Port-economic Linkages And Research Hypothesismentioning

confidence: 99%

The Impact of Port Infrastructure and Economic Growth in Tanzania: Adopting a Structural Equation Modeling Approach

Sun

Kauzen

2023

SAGE Open

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Tanzania port sector performs an essential function in the development of the economy and transportation of goods and services. The raised question is, what is the impact level of a seaport infrastructure on the Tanzania economy? To respond to this question, we assess the impact of seaport infrastructure on promoting economic growth in low-income country, Tanzania. A Structural Equation Modeling (SEM) approach employed to analyze the rapport of variables, using statistical data from 2005 to 2017. The results demonstrate a direct relationship between seaport infrastructure and economy. In addition, the relationship between seaport infrastructure and international trade were determined. The results also, shows a significant relation between international trade and economic growth. It is recommended in this study that, seaport infrastructure need to be improved alongside with the international trade so as to maximize its potential in promoting the growth of Tanzania’s economy, because transporting of goods through maritime is cheaper compared to other mode of transportation. Likewise the existing transportation and port policies should be maintained and implemented for improving transport infrastructure for promoting the growth of Tanzanian economy.

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Does infrastructure have a transitory or longer-term impact? Evidence from China

Cited by 16 publications

References 34 publications

Infrastructure and long-run economic growth: evidence from Chinese provinces

Infrastructure and long-run economic growth: evidence from Chinese provinces

Impacts of the Qinghai–Tibet Railway on Accessibility and Economic Linkage of the Third Pole

The Impact of Port Infrastructure and Economic Growth in Tanzania: Adopting a Structural Equation Modeling Approach

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