Infrastructure Construction Investment Research Articles

Reach the world and benefit the world at the same time -- based on the business people's trickle-down theory

This paper uses economic models and trickle-down theory to show that successful business people benefit others when they make and spend money. It is manifested in four aspects: 1. Businessmen promote material production and the economic cycle. On the one hand, business people provide jobs for workers to obtain labor remuneration; on the other hand, they can produce goods and services that consumers need so that employees can use their wages to buy necessities to meet their needs in life. 2. Tax paid by business people is redistributed to low-income groups through transfer payments and investment in infrastructure construction, which is conducive to improving social welfare and economic growth. 3. Businessmen generate positive externalities by investing in technological innovation to stimulate progress in various fields. 4. Some wealthy people also realize personal value by giving to help others financially. In other words, successful businesspeople benefit others when they make and spend money. It is important to acknowledge that while successful business people help others, there are potential downsides, such as market forces, tax evasion, and consumption of bad goods. Therefore, it is necessary to establish a well-regulated and fair tax system that applies the "nudge" theory to encourage socially responsible behavior by successful businessmen to maximize their contribution to society while reducing potential harm.

Multi-Factor Highway Freight Volume Prediction Based on Backpropagation Neural Network

With the development of the times, the traditional single-factor time series prediction cannot meet the needs of actual prediction, and it is necessary to comprehensively consider the influence of various variables on prediction results. Therefore, we use MATLAB R2022a to predict the multi-factor highway freight volume. According to the relevant data of highway freight volume in Chinese history, the BP neural network prediction model of highway freight volume is established, and the model is coded and calculated in the MATLAB software environment. Through repeated training of the data, the predicted value is finally obtained. The results show that the prediction accuracy of the BP neural network model based on multi-factor prediction is very high. Through the example analysis of China’s highway freight volume, the original data are accurately fitted, and the validity of the highway freight volume prediction model based on BP neural network is proved. Through the prediction of freight volume, the investment in infrastructure construction is improved to promote the development of transportation industry and the progress of social economy.

Investment In Infrastructure Construction of the "Belt and Road" And Its Influencing Factors

Investment In Infrastructure Construction of the "Belt and Road" And Its Influencing Factors

Comparative Study on the Digital Economy Development Based on TOPSIS Comprehensive Evaluation: A Case Study of the Middle and Lower Reaches of the Yangtze River

Promoting the digital economy in the middle and lower reaches of the Yangtze River can not only boost the development of e-commerce, energy science and technology and other industries, but also pave the theoretical way for the digital economy development in various regions, so as to further provide an important practical basis for achieving high-quality economic growth. In this paper, seven provinces in the middle and lower reaches of the Yangtze River are taken as the research objects. Meanwhile, the development and different trends of the digital economy in each region are quantitatively analyzed and compared to propose suggestions for better development of the digital economy in the middle and lower reaches of the Yangtze River. On this basis, this paper first constructs the evaluation and measurement model of the digital economy development, and then gives the weights to the relevant indices through the analytic hierarchy process. After that, the regions in the middle and lower reaches of the Yangtze River are scored and compared via the TOPSIS comprehensive evaluation, which identifies that the mobile phone penetration, the number of Internet broadband access ports and the telecom business income are vital indices to accelerate the digital economy development. Finally, this paper argues that governments should increase investment in digital infrastructure construction and promote the deep integration of digital technology and industry.

Evaluating the Impact of Urban Digital Infrastructure on Land Use Efficiency Based on 279 Cities in China

The development and application of urban digital infrastructure can alter land use patterns and facilitate the aggregation of factors such as labor and capital, thereby influencing the land use efficiency in cities. Based on statistical data from 279 cities in China spanning from 2004 to 2019, this study employs fixed-effects and mediation models to analyze the impact of urban digital infrastructure on land use efficiency. The findings reveal that the construction of urban digital infrastructure significantly promotes the enhancement of land use efficiency, with technological innovation levels and industrial structural transformation serving as mediators between urban digital infrastructure and land use efficiency. The impact of urban digital infrastructure on land use efficiency exhibits heterogeneity across different city scales, urban tiers, geographic locations, and policy implementation batches. Its effects are more pronounced in larger-scale cities, higher-tier cities, those located in the central and western regions, and the first two batches of pilot cities. The research findings contribute to providing theoretical references and a decision-making basis for enhancing land use efficiency, advocating for increased investment in urban digital infrastructure construction, encouraging technological innovation levels, and facilitating the upgrading of industrial structural transformation.

AIIB Investment and Economic Development of India: The Case of the Gujarat Road Project

The purpose of this study is to verify whether the transportation infrastructure investment carried out by the Asian Infrastructure Investment Bank (AIIB) has promoted the economic development of its recipient countries. Since the establishment of the AIIB, its investments in infrastructure development, aimed at promoting economic growth in Asian developing countries, have garnered considerable attention. This study selects India, the largest recipient country of the AIIB, as the research object and chooses the Gujarat Road Project as the research case, since it is a completed infrastructure construction investment project in the transportation field. This paper provides an overview of the project’s operation and summarizes key factors in the project’s implementation. In the data analysis section, the per capita GDP is selected as the explained variable to measure economic development, and the LASSO regression method is used to select several variables that affect economic development. Moreover, the random forest model is used to obtain the causal relationship between road construction and the per capita GDP from 2001 to 2022. The results indicate that road construction in India has a significant positive effect on per capita GDP growth, the Gujarat Road Project supported by the AIIB also has a positive effect on per capita GDP growth, and this effect is stronger than that at the national level. The main contribution of this work is the validation of the investment strategy of the AIIB and the quantification of the economic contribution of AIIB investment projects to the local area.

The Impact of New Infrastructure Construction Investment on High Quality Economic Development in the Yangtze River Delta Region

This article aims to explore in depth the impact mechanism of new infrastructure investment on high-quality economic development in the Yangtze River Delta region, providing useful references for policy makers. The Yangtze River Delta region has invested a large amount of funds in the field of new infrastructure, including 5G networks, data centers, intelligent transportation, new energy, and other fields. These investments not only promote the optimization and upgrading of regional industrial structure, but also lay a solid foundation for high-quality economic development. The impact of new infrastructure investment on high-quality economic development is reflected in the following aspects: promoting traditional infrastructure reform and promoting the transformation of old and new driving forces; Promote supply side structural reform and optimize resource allocation; Promote diversification of financing channels and stabilize capital structure; Generate spillover effects, increase employment opportunities, and improve people's well-being. Finally, we propose several policy recommendations.

Public Financial Management in Vietnam: A Study for the Investment in Infrastructure Construction in Vietnam

The topic of infrastructure investment is becoming more prominent, to enhance infrastructure quality and support economic and trade development, particularly in developing countries. However, there are still some obstacles that countries confront when investing in infrastructure construction in economic regions, most notably the issue of public financial management. As a result, this study investigates key elements influencing public financial management in the field of economic infrastructure-building investment in 11 provinces in the Red River Delta area. According to research findings, the three most influential variables in public financial management are (i) investment management, (ii) planning management, and (iii) supervision and inspection. Simultaneously, it highlights shortcomings in the public financial management process, presenting recommended remedies with the goal of effective, transparent, and sustainable development.

Does government investment push up manufacturing labor costs? Evidence from China

China’s labor costs have risen rapidly compared with other emerging market countries in recent years. Government investment is an essential factor pushing labor costs, a unique and exciting phenomenon in China. This paper explains why labor costs in China’s industrial manufacturing industry have rapidly increased from the local government investment perspective. First, the government’s preference for investment in infrastructure construction creates labor demand and drives up labor costs. Second, the improvement of infrastructure lowers the transaction costs of the enterprise sector, thus expanding the scale of production and triggering a rise in labor costs. The empirical results show that for every 1% increase in government investment, the unit labor cost increases by 0.0013 units, and the nominal labor cost increases by 1.443 units. A series of robustness tests support the results. China should rationally control the scale of government investment so that labor costs are in a moderate growth range and then promote the sustainable development of enterprises.

Research on Local debt Resolution and Financial risk Prevention and Control in Sichuan and Chongqing

This paper focuses on the local debt resolution and financial risk prevention and control in Sichuan and Chongqing. Through the in-depth analysis of the debt scale, structure, causes and risks of the region, it is found that the local debt in Sichuan and Chongqing is mainly driven by infrastructure construction, public services and social investment, and its risk comes from overinvestment, fiscal imbalance and institutional reasons. In view of these problems, this paper discusses the possible debt resolution mechanism and financial risk prevention and control strategy, and puts forward more reasonable risk identification, assessment, early warning and disposal measures in order to reduce the debt risk and maintain the stability of the financial market. Continue to promote the steady development of the local economy and financial risk prevention and control to provide reference, but also for other parts of the country to provide reference and enlightenment

Can Environmental Centralization Enhance Emission Reductions?—Evidence from China’s Vertical Management Reform

In the industrialization process, the difficulty in implementing environmental protection and enhancing the effect of environmental emission reduction are common problems to the developing countries, which are directly related to the quality of social development. This paper takes environmental centralization as the solution idea, takes the vertical management reform of environmental protection agencies implemented in China as the research object, and evaluates the environmental emission reduction effect and mechanism of action of centralized reform based on provincial environmental economic panel data using difference-in-differences model and intermediary model. The following conclusions are drawn: (1) The environmental centralization has significantly improved the provincial environmental emission reduction effect. After China’s vertical management reforms were implemented, per capita CO2 emissions decreased by 11.1%, and industrial source SO2 emissions fell by 35.7%. (2) By increasing investment in urban environmental infrastructure construction, the reform has raised the level of investment and regulation in environmental protection construction, which in turn has effectively improved the ability to reduce environmental emissions. (3) After the implementation of the reform, the emission reduction effects of the reform on per capita CO2 and industrial source SO2 are 10.1% and 14.2% higher in provinces with lower industrial output value compared to those with higher industrial output value. At the same time, the effect of reform in provinces with a strong degree of local government intervention was significantly lower than that in provinces with a weak degree of local government intervention. The emission reduction effects of the reform implementation are 10.2% (per capita CO2) and 30.5% (industrial source SO2) lower, respectively. Based on the above findings, this paper argues that environmental centralization is an effective measure to advance the improvement of environmental quality and efficiency. In addition, China’s reform experience has implications for other developing countries.

Research on the Efficiency of Urban Infrastructure Investment under the Constraint of Carbon Emissions, Taking Provincial Capitals in China as an Example

With the aggravation of the global climate problem, various countries are gradually formulating relevant policies and targets for carbon emission reduction in the infrastructure industry. Some countries or cities may have the problem of insufficient investment in infrastructure construction or blind investment, so it is urgent to carry out related research on the efficiency of infrastructure investment. From the perspective of carbon emission constraints, this study takes Chinese cities as the research case, and uses the unexpected output ultra-efficiency SBM model to measure the infrastructure investment efficiency and total-factor productivity from 2010 to 2020, and analyzes the influencing factors of infrastructure investment efficiency. The study found that (1) the regions with high infrastructure investment efficiency have the following two characteristics: the first relates to the cities with high investment, high output and fewer carbon emissions, and these cities rank at the forefront of economic development and scientific and technological level in the country. The second relates to the cities with high investment, high output and large carbon emissions. These cities have a large urban scale, their industrial structure is dominated by the secondary and tertiary industries, and their high output level plays a benign leading role. (2) Cities with low infrastructure investment efficiency are mainly manifest a large input of some infrastructure resources, low output level, high carbon emissions, and insufficient scale efficiency. (3) Economic level, industrial structure and fiscal expenditure play a positive role in improving the efficiency of infrastructure investment, and the development strategy of policies also affects the infrastructure investment mode. Finally, there are recommendations for the sustainable and high-quality development of infrastructure investment in developing countries.

Analysis of Change and Driving Factors of River Environmental Quality in China from 2002 to 2020

According to the river environmental quality, pollutant emission, and investment in environmental pollution control from 2002-2020, the change law and driving factors of river environmental quality in China were evaluated using canonical correlation analysis and the Spearman correlation coefficient to analyze the influence between environmental and pollutant emission/investment in environmental pollution control. The results indicated that the river environmental quality was improved significantly based on the proportion of Class Ⅰ-Ⅲ increasing from 29.1% to 87.4% and the proportion of inferior Class Ⅴ decreasing from 40.9% to 0.2% from 2002-2020. The emission of wastewater and domestic wastewater increased from 4.395×1010 tons and 2.323×1010 tons to 8.491×1010 tons and 6.598×1010 tons, respectively. However, emissions of industrial wastewater decreased from 2.072×1010 tons to 1.680×1010 tons. Investment in environmental pollution control increased from 110.66 billion yuan to 1063.89 billion yuan. The proportion of Class Ⅰ-Ⅲ in seven major river basins, river basins in Zhejiang and Fujian, southwest river basins, and northwest river basins showed a negative correlation for industrial pollutant emissions and a positive correlation for investment in environmental pollution control. The primary measure for the seven major river basins, river basins in Zhejiang and Fujian, and northwest river basins cut down the industrial pollutant emissions, in the order of COD>NH4+-N>total wastewater. The primary measure for southwest river basins increased the investment in environmental pollution control, in the order of industrial investment in environmental pollution control>urban environmental infrastructure construction investment and environmental protection investment in construction projects. These results can provide theoretical and policy suggestions for the improvement of river environmental quality during the "14th Five-Year Plan" period.

Quantitative analysis of the effects of public infrastructure investment on cost structure and economic performance: evidence from 29 china’s manufacturing industries

ABSTRACT China’s manufacturing sector has fallen into recession since 2010 and one key bottleneck is the increase in operating cost of enterprises. To step out of the predicament, it is critical to reduce cost. By collecting data of 29 manufacturing industries in China during 1980–2020, this paper jointly measures translog cost function and factor input share function and detects the effects of infrastructure investment on cost structure and performance of China’s manufacturing industries. It finds infrastructure investment reduces enterprises’ operating cost and their demand on labour force. The rate of return to infrastructure is greater than that to private capital, indicating that insufficient supply of infrastructure holds back the development of manufacturing industries. Therefore, it is highly advocated that Chinese government should increase investment in infrastructure construction.

Grey Correlation Analysis of the Relationship Between Port Logistics and Regional Economic Development in Tangshan City

With the rapid development of the global economy, China has become one of the most important port logistics countries in the world. Port logistics not only promotes the vigorous development of port economy, but also promotes the development of regional economy to a great extent. Taking Tangshan Port as an example, this paper analyzes the correlation between the level of logistics development of Tangshan Port and the level of economic development of Tangshan City. Firstly, we analyze Tangshan Port from two dimensions: the current situation of port logistics development and the current situation of economic development, and secondly, we select relevant data from 2011 to 2020 to conduct a gray correlation analysis between the port throughput of Tangshan Port and various economic indicators of Tangshan City, and analyze the key factors affecting the development of Tangshan Port by calculating their correlation degrees and analyze the research results, based on which provides feasible suggestions for the port logistics development of Tangshan Port. The results show that the tertiary industry has the highest correlation with port logistics, followed by the total investment in fixed assets of the whole society. However, the economic data of total import and export trade has the lowest correlation with the development of port logistics, which indicates that there is a certain incongruity between the development of port logistics and import and export trade. Finally, some suggestions are put forward for the development of Tangshan port logistics, such as optimizing and upgrading the industrial structure, increasing the investment in logistics infrastructure construction, and promoting the coordinated development of import and export trade and port logistics, so as to promote the coordinated development of port logistics and economy.

Completing the planning and implementation of plans of public investment in road infrastructure construction in Vietnam

In recent years, public investment has been crucial in promoting socioeconomic development. In the context of Vietnam's economic recession and difficulties due to the impact of the Covid-19 pandemic, public investment in road transport infrastructure construction has become an effective tool for macroeconomic management. Planning and implementation of plans have an essential function in ensuring investment efficiency. The article analyzed the current situation of public investment planning and implementation in road infrastructure construction, pointed out the shortcomings, and established 19 criteria to evaluate the planning function and organization of plan implementation. Also, in the article, quantitative analysis is performed through SPSS software to determine the level of achievement of the targets. That is the basis for the authors to propose some solutions to improve the planning and implementation of plans to enhance the efficiency of public investment in road infrastructure construction in Vietnam.

Resilience and Reconstruction: Unraveling the Economic Trajectory of Iraq Post-2003

This study seeks to explain Iraq's economic trajectory after 2003, focusing on its potential to recover and reconstruct. The challenge is understanding how Iraq's political and historical conditions after the 2003 US invasion have affected its economy. The report examines post-conflict reconstruction in Iraq and its economy. This study examined economic figures, government legislation, and scholarly works. We analyse economic statistics and current trends in Iraq to assess its economic recovery. The analysis found that Iraq's economy has been erratic since 2003. Oil production, infrastructure construction, and foreign investment have survived the conflict. Rehabilitation efforts were crucial to economic recovery. The findings prompted several recommendations. To maintain effective economic management, ongoing investment in physical infrastructure, diversification away from oil, promoting a business-friendly climate, and fortifying existing institutions are needed. This analysis illuminates Iraq's economic trajectory after 2003, showcasing its resilience and recovery efforts. Policymakers and anyone interested in Iraq's economic development and stability may benefit from the results and recommendations.

How can procurement create (sustainable) public value under the Bipartisan Infrastructure Deal?

AbstractThe economic response of the US government to the COVID‐19 pandemic envisions massive investment in infrastructure construction. Yet, governments contract out public works and might lack the capacity to meet the increased demand for new construction. Drawing on a mix of survey and interview data, we identify critical deficiencies in contract capacity that might lead to a loss of public resources and further erode trust in the government. We propose a plan for restructuring public procurement systems and offer solutions around four foci: collaboration, training, flexibility, and sustainability. This transformation path would enhance government contract capacity and use markets to signal a demand for sustainable infrastructure and create public value in line with the strategic objectives of the Bipartisan Infrastructure Deal.

Analysis of the spatial and temporal heterogeneity of factors influencing CO2 emissions in China’s construction industry based on the geographically and temporally weighted regression model: Evidence from 30 provinces in China

With the rapid economic development in recent years, China has increased its investment in infrastructure construction, and the construction industry has become a significant contributor to China’s carbon dioxide (CO2) emissions. Therefore, carbon emission reduction in the construction industry is crucial to achieving the goal of “carbon peaking and carbon neutrality” as soon as possible. However, few studies have investigated the factors influencing CO2 emissions from the construction industry in terms of spatial and temporal differences. To address this gap, we first improve the calculation method for the construction industry’s life-cycle assessment (LCA). The geographically and temporally weighted regression (GTWR) model is then utilized to provide insight into the spatio-temporal heterogeneity of the various factors influencing CO2 emissions across other regions and times. The results show that: 1) CO2 emissions from the construction industry in China increased rapidly from 576.5 million tons (Mt) in 2004–3,230 Mt in 2012 and then gradually decreased to 1998.51 Mt in 2020; indirect CO2 emissions accounted for more than 90% of the total CO2 emissions after 2008. 2) There is a solid global positive correlation between CO2 emissions from the construction industry in China during most of the time, and the spatial distribution of CO2 emissions shows a northeast-southwest pattern, with the center of gravity gradually shifting from central China to the southwest. 3) Economic output and industrial agglomeration are positive factors for the increase of CO2 emissions from the construction industry; and urbanization level, production efficiency, and energy efficiency are inhibiting factors for the increase of CO2 emissions from the construction industry. But the contribution and trend of each influencing factor differed significantly across time and regions, showing substantial spatial and temporal heterogeneity. Our findings provide a scientific basis for the Chinese government to implement a regional carbon reduction strategy for the construction industry.

Clean energy-based rural low carbon transformation considering the supply and demand of new energy under government participation: A three-participators game model

Since the 20th century, human society has developed rapidly, and with the continuous development of urbanization, serious environmental pollution problems have followed. Actively studying the development of new energy industry has become an important issue around the world. Rural energy is an important foundation of rural economic and development. Promoting green energy transformation and development in rural areas is an inherent requirement to meet people’s needs for a better life and an important part of building a modern energy system. This study constructs a tripartite evolutionary game model of the government, new energy enterprises and farmers, and analyzes the evolutionary path and stable strategy of the three participants in the process of energy industry transformation. The results show that (1) moderate or high level of government subsidies for farmers use of new energy can promote the development of new energy industry, while low level of subsidies is not conducive to the development of rural new energy industry. (2) When the government’s investment in new energy infrastructure construction is low, farmers will choose to use new energy passively. When the government’s investment in new energy infrastructure construction is moderate or high, farmers will choose to actively use new energy, and new energy enterprises will evolve to actively produce new energy under the circumstance of active use by farmers. (3) Under the current development situation of rural new energy industry, the smaller the proportion coefficient of pollution control costs borne by new energy enterprises formulated by the government, the more conducive the evolution of new energy enterprises to actively produce new energy. Perfect farmers use of new energy countermeasures for the benign development of new energy industry is of great significance. Therefore, from the perspective of evolutionary game, we should promote the transformation of environmental governance to public governance mode. A basic framework for a tripartite coordination mechanism among farmers, the government and enterprises will be established. At the same time, the establishment of specific systems and policies will guide the interests of farmers, the government and new energy enterprises, so as to truly realize the positive development of the new energy industry driven by the participation of three parties.