Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/207314 
Year of Publication: 
2019
Series/Report no.: 
CESifo Working Paper No. 7923
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper studies regional treatment effects of infrastructure projects on economic growth, employment and intermodal transport volumes. The recent Belt and Road Initiative provides an experiment that can be evaluated using matching econometrics. Our results show that the establishment of a new railway connection is not systematically associated with short-run economic growth. However, it spurs employment and road freight by stimulating intermodal transport.
Subjects: 
infrastructure
development
trade
JEL: 
F00
F15
F19
Document Type: 
Working Paper
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