Abstract
This paper collects data on transport corridor projects financed by the Asian Development Bank, Japan International Cooperation Agency, and World Bank and links them to a wider economic benefit—local economic activity. The paper uses the difference-in-differences methodology to link the variation in country and local initial conditions, and project characteristics to local economic activity. Construction of a new (greenfield) corridor is associated with higher growth in economic activity around the corridor than the rehabilitation or expansion of an existing corridor. Private sector involvement in the operation and management of infrastructure is associated with lower growth in economic activity along the corridors. In the short to medium term, corridor investments with a larger geographic scope are associated with increased growth in economic activity along them, while in the long term, there is no significant difference relative to smaller-scope corridor investments. The initial conditions do not seem to influence how corridor investments affect the growth in economic activity.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.