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Does Transport Infrastructure Benefit Gdp Growth?

Research output: Working paper

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Does Transport Infrastructure Benefit Gdp Growth? / Bai, Yuting; Wang, Shuo; Zhang, Hongxu.
Lancaster: Lancaster University, Department of Economics, 2023. (Economics Working Papers Series).

Research output: Working paper

Harvard

Bai, Y, Wang, S & Zhang, H 2023 'Does Transport Infrastructure Benefit Gdp Growth?' Economics Working Papers Series, Lancaster University, Department of Economics, Lancaster.

APA

Bai, Y., Wang, S., & Zhang, H. (2023). Does Transport Infrastructure Benefit Gdp Growth? (Economics Working Papers Series). Lancaster University, Department of Economics.

Vancouver

Bai Y, Wang S, Zhang H. Does Transport Infrastructure Benefit Gdp Growth? Lancaster: Lancaster University, Department of Economics. 2023 Jun 30. (Economics Working Papers Series).

Author

Bai, Yuting ; Wang, Shuo ; Zhang, Hongxu. / Does Transport Infrastructure Benefit Gdp Growth?. Lancaster : Lancaster University, Department of Economics, 2023. (Economics Working Papers Series).

Bibtex

@techreport{ce4bf7c25ebb4c0e86311d85d354f7c7,
title = "Does Transport Infrastructure Benefit Gdp Growth?",
abstract = "This paper examines how transport infrastructure affects GDP growth by reducing trade costs. Our empirical analysis confirms that improving transport infrastructure quality lowers trade costs, and we estimate the elasticity of trade costs relative to transport infrastructure quality. Specifically, a 1% improvement in average transport infrastructure quality between an emerging and a developedeconomy can reduce bilateral trade costs by up to 0.71%. To estimate the net effect of changes in infrastructure on GDP growth via trade cost, we used the Computational General Equilibrium framework. Our results demonstrate significant potential for improving GDP growth in different groups of countries based on economic development (i.e., developing countries, emerging countries, and developed countries). We identify and examine the broader implications of transport infrastructure development for the global economy. ",
keywords = "transport, infrastructure, growth, markets",
author = "Yuting Bai and Shuo Wang and Hongxu Zhang",
year = "2023",
month = jun,
day = "30",
language = "English",
series = "Economics Working Papers Series",
publisher = "Lancaster University, Department of Economics",
type = "WorkingPaper",
institution = "Lancaster University, Department of Economics",

}

RIS

TY - UNPB

T1 - Does Transport Infrastructure Benefit Gdp Growth?

AU - Bai, Yuting

AU - Wang, Shuo

AU - Zhang, Hongxu

PY - 2023/6/30

Y1 - 2023/6/30

N2 - This paper examines how transport infrastructure affects GDP growth by reducing trade costs. Our empirical analysis confirms that improving transport infrastructure quality lowers trade costs, and we estimate the elasticity of trade costs relative to transport infrastructure quality. Specifically, a 1% improvement in average transport infrastructure quality between an emerging and a developedeconomy can reduce bilateral trade costs by up to 0.71%. To estimate the net effect of changes in infrastructure on GDP growth via trade cost, we used the Computational General Equilibrium framework. Our results demonstrate significant potential for improving GDP growth in different groups of countries based on economic development (i.e., developing countries, emerging countries, and developed countries). We identify and examine the broader implications of transport infrastructure development for the global economy.

AB - This paper examines how transport infrastructure affects GDP growth by reducing trade costs. Our empirical analysis confirms that improving transport infrastructure quality lowers trade costs, and we estimate the elasticity of trade costs relative to transport infrastructure quality. Specifically, a 1% improvement in average transport infrastructure quality between an emerging and a developedeconomy can reduce bilateral trade costs by up to 0.71%. To estimate the net effect of changes in infrastructure on GDP growth via trade cost, we used the Computational General Equilibrium framework. Our results demonstrate significant potential for improving GDP growth in different groups of countries based on economic development (i.e., developing countries, emerging countries, and developed countries). We identify and examine the broader implications of transport infrastructure development for the global economy.

KW - transport

KW - infrastructure

KW - growth

KW - markets

M3 - Working paper

T3 - Economics Working Papers Series

BT - Does Transport Infrastructure Benefit Gdp Growth?

PB - Lancaster University, Department of Economics

CY - Lancaster

ER -