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https://www.um.edu.mt/library/oar/handle/123456789/53854
Title: | Rail, rivers, road or air : which infrastructure promotes growth in China? |
Authors: | Strauss, Jack Li, Hongchang Yu, Kemei Wang, Xinyu |
Keywords: | Transportation -- China -- History -- 21st century Transportation -- China -- Planning Transportation -- Economic aspects Gross domestic product -- China |
Issue Date: | 2020 |
Publisher: | University of Malta. Junior College |
Citation: | Strauss, J., Li, H., Yu, K., & Wang, X. (2020). Rail, rivers, road or air : which infrastructure promotes growth in China? Symposia Melitensia, 16, 275-286. |
Abstract: | We examine the relationship between growth in transportation and economic output across Chinese provinces from 2005-2014. Panel GMM methods evaluate the impact of changes in air, conventional rail, HSR, roads, and waterways turnover volume on provincial output growth. GMM estimates demonstrate that rail and roads significantly affect economic growth; rail’s impact is particularly significant and its estimates are economically large for agriculture and manufacturing output. In contrast, air, HSR and water usage do not contribute to economic growth. Impulse responses indicate that rail and roads considerably affect GDP growth across China, and there is bi-causality between transportation and economic growth. Cost-benefit analysis highlights that the benefit of roads, and particularly rail, outweigh the costs of infrastructure spending. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/53854 |
Appears in Collections: | SymMel, 2019, Volume 16 SymMel, 2020, Volume 16 |
Files in This Item:
File | Description | Size | Format | |
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26 J Strass, H li, K Yu, X Wang 275-286.pdf | 772.91 kB | Adobe PDF | View/Open |
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