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What is Economic Corridor Development and What Can It Achieve in Asia’s Subregions?

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Abstract

Economic corridors connect economic agents along a defined geography. They provide important connections between economic nodes or hubs that are usually centered in urban landscapes. They do not stand alone, as their role in regional economic development can be comprehended only in terms of the network effects that they induce. As the case studies in this paper show, there is no standard picture of what economic corridor development is and what it can achieve. What economic corridors can achieve for regional economic integration depends first on what characteristics the specific existing economic networks in which the economic corridors are embedded personify, and second on which characteristics corridor development are intended to introduce or strengthen. Corridor characteristics interact dynamically to create patterns of regional economic development. Models that make this interaction explicit have combined elements of the New Economic Geography (nonlinear and General Equilibrium elements). The Asian Development Bank (ADB) has a significant stake in the successful application of corridor development approaches with an annual investment of $2 billion or more in regional cooperation and integration.

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  • Brunner, Hans-Peter, 2013. "What is Economic Corridor Development and What Can It Achieve in Asia’s Subregions?," Working Papers on Regional Economic Integration 117, Asian Development Bank.
    • Handle: RePEc:ris:adbrei:0117
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    Cited by:

    1. Warr, Peter & Kohpaiboon, Archanun, 2017. "Thailand’s Automotive Manufacturing Corridor," ADB Economics Working Paper Series 519, Asian Development Bank.
    2. Shahid Mahmood & Muazzam Sabir & Ghaffar Ali, 2020. "Infrastructure projects and sustainable development: Discovering the stakeholders’ perception in the case of the China–Pakistan Economic Corridor," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-17, August.
    3. Anthony E. Boardman & Mark Moore & Aidan Vining, 2020. "Financing and Funding Approaches for Establishment, Governance and Regulatory Oversight of the Canadian Northern Corridor," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 13(25), October.
    4. Asian Development Bank (ADB), 2014. "Economic Corridor Development for Inclusive Asian Regional Integration: Modeling Approach to Economic Corridors," ADB Reports RPT135975-2, Asian Development Bank (ADB), revised 07 Feb 2014.
    5. Philippe Cadene & Yves-Marie Rault Chodankar, 2019. "Industrial Corridors in India [Les corridors industriels en Inde]," Post-Print halshs-02541050, HAL.
    6. Srimal Fernando & Pankaj Jha, 2021. "Exploring the Impacts of Economic Corridors on South Asian Countries," India Quarterly: A Journal of International Affairs, , vol. 77(3), pages 404-423, September.
    7. Peter Warr & Archanun Kohpaiboon, 2018. "Explaining Thailand’s Automotive Manufacturing Success," Departmental Working Papers 2018-02, The Australian National University, Arndt-Corden Department of Economics.
    8. Agnieszka Kuszewska & Agnieszka Nitza-Makowska, 2021. "Multifaceted Aspects of Economic Corridors in the Context of Regional Security: The China–Pakistan Economic Corridor as a Stabilising and Destabilising Factor," Journal of Asian Security and International Affairs, , vol. 8(2), pages 218-248, August.
    9. Asian Development Bank Institute, 2017. "Eradicating Poverty and Promoting Prosperity in a Changing Asia-Pacific," Working Papers id:11706, eSocialSciences.
    10. Reeg, Caroline, 2017. "Spatial development initiatives – potentials, challenges and policy lessons: with a specific outlook for inclusive agrocorridors in Sub-Sahara Africa," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 97, number 97.
    11. Rashid Menhas & Shahid Mahmood & Papel Tanchangya & Muhammad Nabeel Safdar & Safdar Hussain, 2019. "Sustainable Development under Belt and Road Initiative: A Case Study of China-Pakistan Economic Corridor’s Socio-Economic Impact on Pakistan," Sustainability, MDPI, vol. 11(21), pages 1-24, November.

    More about this item

    Keywords

    Economic corridors; development; regional economic integration; agents; nonlinear dynamics;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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