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The effects of economic restructuring on China's system for financing transport infrastructure

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  • Hayashi, Yoshitsugu
  • Yang, Zhongzhen
  • Osman, Omar

Abstract

Since the late 1970s, the Chinese government has introduced new measures based on a Beneficiary-Pay System for financing transport infrastructure. In this paper, first we review the changes in the system for financing transport infrastructure over the last 50 years in China and analyze the characteristics of the current system. Second, we compare the Chinese Beneficiary-Pay System with those implemented in the U.S. and Japan. Finally, we highlight several problems in the present Chinese system, focusing mainly on the Beneficiary-Pay System, and derive possible solutions for them.

Suggested Citation

  • Hayashi, Yoshitsugu & Yang, Zhongzhen & Osman, Omar, 1998. "The effects of economic restructuring on China's system for financing transport infrastructure," Transportation Research Part A: Policy and Practice, Elsevier, vol. 32(3), pages 183-195, April.
    • Handle: RePEc:eee:transa:v:32:y:1998:i:3:p:183-195
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    Cited by:

    1. Sun, Zhentian & Li, Xuhong & Qiao, Wenxin & Haghani, Ali, 2013. "Entropy-based performance evaluation on institutional structures of trunk highway management—Case study in China," Transport Policy, Elsevier, vol. 27(C), pages 85-91.
    2. Sun, Zhentian & Li, Xuhong & Xie, Yuanchang, 2014. "A comparison of innovative financing and general fiscal investment strategies for second-class highways: Perspectives for building a sustainable financing strategy," Transport Policy, Elsevier, vol. 35(C), pages 193-201.
    3. Xu, Meng & Grant-Muller, Susan & Gao, Ziyou, 2015. "Evolution and assessment of economic regulatory policies for expressway infrastructure in China," Transport Policy, Elsevier, vol. 41(C), pages 42-49.

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