Can highway development promote employment growth in India?

Chakrabarti, Sandip

doi:10.1016/j.tranpol.2018.05.009

Cited by 49 publications

(27 citation statements)

References 25 publications

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“…Hence, we can reliably examine the impacts of the exogenous component of the quantity, quality, and structural aspects of transport infrastructure on regional economic growth in China at the same time and within the same empirical framework. In fact, the system-GMM method has been widely applied, particularly to identify transport infrastructure impacts in empirical growth research, for example Chakrabarti [27], Farhadi [37], Jiwattanakulpaisarn et al [38], and Zhang and Fan [60].…”

Section: Model and Estimationmentioning

confidence: 99%

“…Following Lin and Fu [26], we identify the share of regional government expenditure for transport that goes toward the structural aspect of transport infrastructure. The second unique characteristic of our dataset is that in contrast to recent studies that used insufficiently aggregated data, we follow Chakrabarti [27] and Hong et al [9] and select provinces as the geographic units to alleviate concerns about violating the stable unit treatment value assumptions (SUTVA) [28]. This is based on the fact that the economic impacts of the transportation infrastructure can leak beyond the borders of small economic areas such as cities or counties leading to SUTVA violations, as emphasized in Redding and Turner [6], Rephann and Isserman [29], and Baum-Snow and Ferreira [30].…”

Section: Introductionmentioning

confidence: 99%

“…Thus, the dynamic panel system-GMM method has been widely applied in many areas for example in examining the impact of financial development [35], other institutional improvement [36], etc. In recent years, the method has been exploited to examine the relationship between transport infrastructure and growth, including Chakrabarti [27], Farhadi [37], and Jiwattanakulpaisarn et al [38]. Indeed, Bond et al [39] and Hauk and Wacziarg [40] pointed out that the advantage of the dynamic panel system-GMM estimator is that it can address concerns about identification, reverse causality, and to account for the lagged responses of economic growth to any exogenous shock including transport infrastructure, so to obtain consistent and unbiased parameters even in the presence of a measurement error and endogenous right-hand-side variables.…”

Section: Introductionmentioning

confidence: 99%

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Transport Infrastructure Development and Economic Growth in China: Recent Evidence from Dynamic Panel System-GMM Analysis

Lin

Caihui

et al. 2020

Sustainability

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China’s growth miracle has been accompanied by a great leap forward in the development of transport infrastructure. This study examines and compares impacts from the quantity, quality, and structural aspects of transport infrastructure on regional economic growth in China as the country approaches an upper-middle income status. We also incorporate government’s development strategies into the framework for evaluating the growth effect of China’s transport infrastructure. Using a consistent and robust dynamic panel data system generalized method of moments (system-GMM) estimation for identification, we find strong evidence confirming that transport infrastructure contributes to regional economic growth in China during the period 2007–2015, as the country approaches its upper-middle income status. In particular, quality improvements in roads and railways and the structural upgrading of transport infrastructure significantly contribute to growth. However, we do not find that quantity expansion of the overall land transport network has a significant impact. Moreover, government development strategies that defy local comparative advantages not only detract from the growth rate but also potentially restrict the contribution of transport infrastructure. Lastly, the regional heterogeneity for Western China may differ across transport modes, particularly with respect to goods versus passenger transport and roadways versus railways.

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Section: Model and Estimationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Transport Infrastructure Development and Economic Growth in China: Recent Evidence from Dynamic Panel System-GMM Analysis

Lin

Caihui

et al. 2020

Sustainability

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“…The SGMM method has been applied widely in recent years, including identifying the impact of transportation infrastructure (e.g. Chakrabarti, 2018;Farhadi, 2015;Jiwattanakulpaisarn et al, 2009). Estimating Equation 1 is equivalent to estimating the following dynamic panel data model:…”

mentioning

confidence: 99%

Can proactive fiscal policy achieve the goal of “Beyond Keynesianism”?

Yan

2021

Review Development Economics

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This study aims to assess whether counter-cyclical fiscal policy to release infrastructure bottlenecks achieved the goal of "Beyond Keynesianism," that is, to stimulate long-term economic growth. The proactive fiscal policy during the Asian financial crisis dramatically expanded the National Highway System in China. Taking the highway project as an example, we evaluate its impact on per capita output and employment growth and investigate the underlying mechanism. Using provincial panel data from 1995 to 2016, our system generalized method of moments estimation finds that this large-scale high-rank road infrastructure project leads to an increase in per capita GDP growth. Automobileintensive industries benefit most from it. A channel analysis indicates that the growth effect is driven by structural transformation. Further, the project increases overall employment, mainly in secondary industries. It also creates extra demand for road transportation and longer-distance road freight transport by facilitating the flow of both commodities and passengers.

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“…These good indicators were influenced by the positive dynamics of developing and developed economies, favorable political and weather factors in general created good conditions for the export of raw materials from the Russian Federation [10].…”

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confidence: 99%

Innovative development of domestic transport logistics

Nabokov¹,

Некрасов²

2019

Proceedings of the 2nd International Scientific Conference on New Industrialization: Global, National, Regional Dimension (SICN

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The domestic transport system is considered to be a key factor of social and economic growth of the country in terms of economy transition to an intensive, innovative way of development. The branches of the Russian transport sector ensure complex interaction of the national economy sectors; increase the efficiency of natural resources use, social and economic potential of the regions, development of entrepreneurship and expansion of interregional and international transport and economic relations. In recent years the Russian transport sector has received support from the state. And it gives the results: freight turnover of the Russian transport and volume of transportations of freights have grown. At the same time the transport system of the country has serious problems hindering its development. These are: low level of development of the country's transport infrastructure; a small number as well as a low proportion of public-private and private projects in transport infrastructure; low maturity of organizations internal process participating in the transport market; low balance in the development of the country's and regions' transport system. In addition, there is a lack of coordination in the activities of different transport modes. The high average age of technical equipment in all sectors of the transport is also a serious problem. The development of the country's transport system requires modernization and adequate state support. The main directions of domestic transport innovative development are: the creation of high-speed railway transport; integration of machine-building and information technologies in means and infrastructure of transport; creation of railway transport infrastructure, for high-speed traffic; production of high-speed traffic means; design of essentially new transport system on magnetic suspensions; personnel training for high-speed traffic. Thus, it is necessary to solve the following problems: to overcome the disproportion of the domestic transport system ensuring the predictability and transparency of measures for its state regulation; to attract investments for accelerated development of transport infrastructure; to implement incentives for the introduction and development of digital technologies; to improve transport legislation minimizing the load on the industry; to integrate domestic transport in the transport space of the world.

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Can highway development promote employment growth in India?

Cited by 49 publications

References 25 publications

Transport Infrastructure Development and Economic Growth in China: Recent Evidence from Dynamic Panel System-GMM Analysis

Transport Infrastructure Development and Economic Growth in China: Recent Evidence from Dynamic Panel System-GMM Analysis

Can proactive fiscal policy achieve the goal of “Beyond Keynesianism”?

Innovative development of domestic transport logistics

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