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Assessing Socioeconomic Impacts of Transport Infrastructure Projects in the Greater Mekong Subregion

Author

Listed:
  • Susan Stone

    (Asian Development Bank Institute)

  • Anna Strutt
  • Thomas Hertel
Abstract
This study attempts to quantify the links between infrastructure investment and poverty reduction using a multi-region general equilibrium model, supplemented with household survey data for the Greater Mekong Subregion (GMS). Infrastructure investment is an important step in economic development, with improvements in transportation infrastructure boosting economic opportunities throughout the region, for example by significantly reducing travel times and costs. In this study, we concentrate on quantifying the effects of some of the key linkages between upgraded infrastructure, economic growth, and poverty reduction. We model the impact of both reducing transport costs and improving trade facilitation in the GMS. Our findings suggest strong gains to the GMS countries as a result of infrastructure development and trade facilitation with national poverty reduced throughout the region. However, the impact on various segments of these populations differs, depending in part on factor returns.

Suggested Citation

  • Susan Stone & Anna Strutt & Thomas Hertel, 2010. "Assessing Socioeconomic Impacts of Transport Infrastructure Projects in the Greater Mekong Subregion," Macroeconomics Working Papers 22819, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:macroe:22819
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dannenberg Peter & Revilla Diez Javier & Schiller Daniel, 2018. "Spaces for integration or a divide? New-generation growth corridors and their integration in global value chains in the Global South," ZFW – Advances in Economic Geography, De Gruyter, vol. 62(2), pages 135-151, May.
    2. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h2qa50u4l is not listed on IDEAS
    3. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h2qa50u4l is not listed on IDEAS
    4. Claire Delpeuch & Marie-Agnès Jouanjean & Alexandre Le Vernoy & Patrick Messerlin & Thomas Orliac, 2010. "Aid for Trade: A Meta-evaluation," Working Papers hal-03460084, HAL.
    5. Edward Nketiah-Amponsah & Bernard Sarpong, 2019. "Effect of Infrastructure and Foreign Direct Investment on Economic Growth in Sub-Saharan Africa," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 11(3), pages 183-201, September.
    6. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h2qa50u4l is not listed on IDEAS
    7. Claire Delpeuch & Marie-Agnès Jouanjean & Alexandre Le Vernoy & Patrick Messerlin & Thomas Orliac, 2010. "Aid for Trade: A Meta-evaluation," Working Papers hal-03460084, HAL.
    8. Erwin Corong & Thomas Hertel & Robert McDougall & Marinos Tsigas & Dominique van der Mensbrugghe, 2017. "The Standard GTAP Model, version 7," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 2(1), pages 1-119, June.
    9. Peerapeng, Suk-Rutai & Chaitip, Prasert & Chaiboonsri, Chukiat & Kovacs, Sandor & Balogh, Peter, 2013. "Impact Of Economic Globalization On The Human Trafficking In The Greater Mekong Sub-Region Countries," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 6(5), pages 1-8, April.
    10. Phouphet Kyophilavong, 2011. "Will trade liberalization in least developed countries help during the crisis? Evidence from the Lao People’s Democratic Republic," STUDIES IN TRADE AND INVESTMENT, in: Trade-led growth: A sound strategy for Asia, chapter 13, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    11. Jean-Pierre A. Verbiest, 2013. "Regional Cooperation and Integration in the Mekong Region," Asian Economic Policy Review, Japan Center for Economic Research, vol. 8(1), pages 148-164, June.

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    More about this item

    Keywords

    infrastructure investment; travel time; travel cost; trade facilitation; poverty reduction;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • F15 - International Economics - - Trade - - - Economic Integration
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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