Investment In Transport Sector Research Articles

Quantifying the Impact of Development of the Transport Sector in Pakistan

An efficient transport system is not only a pre-requisite for economic development but is also important to achieve the objective of economic integration in the world economy. Insufficient transport infrastructure results in congestion, delay delivery time, fuel waste, pollution and accident1 which built inefficiencies in the economy and costs the economy 4 to 6 percent of GDP each year [Shah (2006)and World Bank (2007)], which can be saved by investing in transport services. Realising its importance, the government of Pakistan has initiated National Trade Corridor Improvement Programme (NTCIP) in 2005 to improve logistic and transport infrastructure so that it can fulfill the demand of economy more efficiently. This five years programme includes all sectors that improve performance of corridor-high way namely, road transport, railways, airports, and ships etc. The objective of the programme is to reduce the cost of doing business and improve quality of services. The study quantifies the efficiency of transport sector by evaluating the impact of public investment to improve transport services on the economy in general and on cost of land transportation in particular; i.e., cost of freight and passenger movement and cost of externalities such as congestion, air pollution and accident. The outcome of the study depends on how improved facility is achieved, i.e., who bears the cost and who benefits etc. This paper assumes tax financed public investment that not only change domestic price and demand, but also welfare and poverty. The issue is analysed in computable general equilibrium framework taking into account inter linkages of transport sector with rest of the economy. First, a social accounting matrix (SAM) is developed with a detailed transport module. Then, a dynamic CGE model is developed around this SAM and simulations are conducted for short run and long run analysis of public investment in trans port sector.

Quantifying the Impact of Development of the Transport Sector in Pakistan

An efficient transport system is not only a pre-requisite for economic development but is also important to achieve the objective of economic integration in the world economy. Insufficient transport infrastructure results in congestion, delay delivery time, fuel waste, pollution and accident1 which built inefficiencies in the economy and costs the economy 4 to 6 percent of GDP each year [Shah (2006)and World Bank (2007)], which can be saved by investing in transport services. Realising its importance, the government of Pakistan has initiated National Trade Corridor Improvement Programme (NTCIP) in 2005 to improve logistic and transport infrastructure so that it can fulfill the demand of economy more efficiently. This five years programme includes all sectors that improve performance of corridor-high way namely, road transport, railways, airports, and ships etc. The objective of the programme is to reduce the cost of doing business and improve quality of services. The study quantifies the efficiency of transport sector by evaluating the impact of public investment to improve transport services on the economy in general and on cost of land transportation in particular; i.e., cost of freight and passenger movement and cost of externalities such as congestion, air pollution and accident. The outcome of the study depends on how improved facility is achieved, i.e., who bears the cost and who benefits etc. This paper assumes tax financed public investment that not only change domestic price and demand, but also welfare and poverty. The issue is analysed in computable general equilibrium framework taking into account inter linkages of transport sector with rest of the economy. First, a social accounting matrix (SAM) is developed with a detailed transport module. Then, a dynamic CGE model is developed around this SAM and simulations are conducted for short run and long run analysis of public investment in trans port sector.

The asymmetric effect of public private partnership investment on transport CO2 emission in China: Evidence from quantile ARDL approach

Transportation infrastructure is a pillar of economic development as well as a main contributor to climate change. Therefore, it is necessary to transform the transport sector investment into climate-resilient, low-carbon transportation choices in order to achieve sustainable transportation infrastructure. In case of China, this transformation might be necessary from the perspective of the “New-style Urbanization” strategy, and for fulfilling this strategy, policy realignment is required. To address this policy-level void in the literature, we explore the influence of public private partnerships investment in transport sector, renewable energy consumption, urbanization on transport-induced carbon emissions in China. For this purpose, we apply Quantile Autoregressive Distributed Lagged (QARDL) method during 1990Q1-2018Q4. Based on the results of the study, a multipronged sustainable development goal (SDG) framework has been suggested, under which SDG 11, SDG 13, and SDG 8 are addressed, while using SDG 17 as a vehicle.

Efficiency measure on the truck restriction policy in China: A non-radial data envelopment model

The paper reports results from a use of non-radial DEA i.e., range adjusted measure (RAM) which belongs to data envelopment analysis to evaluate the performances of the truck restriction policy in China. We try to explore what is inside the “black box” on the restriction policy by empirical study. Using the non-radial DEA model, we work with an approach that allows a flexible designation of three input variables and two output variables based on varying perspectives in China. The multipurpose approach reveals whether one policy is truly beneficial instead of officials’ arguments, captured in the form of DEA scores. The modified model can better reflect macro-transportation process while earlier relevant models ignored truckers. This paper contributes to increasing traffic volumes and decreasing traffic accidents from the point of technical efficiency. The results of our paper reveal that: (a) China's truck restriction policies have achieved a significant “level effect” on efficiency improvement. (b) There are remarkable provincial differences in the effectiveness of the restriction policy. (c) Slack decomposition shows that excessive investment is the main source of inefficiency. Moreover, we delivery policy implications that: (a) the restriction policies greatly contribute to the efficiencies, and stringent policies are still needed in the following days; (b) the policy-making should suit local conditions, according to our classification of 30 provinces; (c) based on the worst performance of capital stock variable, the authorities should focus more on regulation of investment in transportation sector at a latter stage.

Control functions within large cities and foreign direct investment in the transport sector: Empirical evidence from Poland

On the basis of inventory research carried out by the authors on single transport FDI, a hierarchy of the ten largest Polish cities is created, and then related to the number of inhabitants. The paper focuses on the location of corporate headquarters (HQs) serving various control (decision-making) functions and simultaneously playing an urban-creative role. The analysis confirms in part only the idea that the more advanced the branch of the economy, the more the city in which a corporate HQ is located is likely to occupy a higher rank in the administrative hierarchy, with a simultaneous large number of affiliates. The findings arise out of in-depth research, albeit on the basis of a relatively small number of incidences of foreign investment in the Polish transport sector. Whether it is the criteria of absolute amount of capital invested, number of employees or number of controlled investments, it is consistently the city of Warsaw and its metropolitan area that tops the rankings. Alongside inter-urban differentiation in transport FDI, analysis also confirms substantial intra-urban variation.

PENGARUH INVESTASI PADA SEKTOR PERHUBUNGAN DARAT DAN LAUT DI KABUPATEN JENEPONTO SULAWESI SELATAN

Absract This study aimed to determine the effect of investment on land and marine transportation sector in Jeneponto. This study described the influence of determinant factors (population and GDP) on the amount of investment in transportation sector, particularly in the land and marine transportation for five year period, from 2008 until 2012. Based on data it was found that GDP grew year by year in that period due to higher value of the product that produced by Jeneponto people as well as the economic stability and certainty in that region, while Jeneponto population also grew 0.8% annually. Those two factors significantly influenced the investment value in transportation sector, especially land and marine transportation. Those variables also found to be strong correlated, with more than 90% of variations in investment variables explained by GDP and population growth.

Toward People's Cities through Land use and Transport Integration

Between 2005 and 2012, India's Jawaharlal Nehru National Urban Renewal Mission (JnNURM) invested US$20 billion in urban infrastructure and basic services for the urban poor. The transport program under JnNURM is an important advance, helping cities with policies and funding for moving people, not vehicles. Nevertheless, this program has not sufficiently shifted investment in the urban transport sector from road widening and road expansion to sustainable transport. Urban characteristics and transport needs of Indian cities derived from interviews with stakeholders and a literature review are presented. Key improvements for Indian urban transport policy are suggested: (a) reinforce the link between land use and transport to allow preservation of the built environment in existing cities and development of new accessible, dense, and mixed used developments in the fringes; (b) advance the preparation and implementation of comprehensive mobility plans, in close connection with master plans and JnNURM budget allocations; (c) introduce performance measurements of key transport indicators at the citywide level—people served, modal share, travel time, traffic fatalities, and transport tailpipe emissions; and (d) develop capacity-building programs for project planning and delivery at the city level and for evaluation and monitoring at the state and national levels. There is no claim that expansion is not needed, but it should not be the main priority of public investments in the transport sector. Recommendations for India may apply to other rapidly urbanizing and motorizing countries.