IDEAS home Printed from https://ideas.repec.org/p/ess/wpaper/id2622.html
   My bibliography  Save this paper

The Benefits of Regional Infrastructure Investment in Asia: A Quantitative Exploration

Author

Listed:
  • Fan Zhai

Abstract

Capitalizing on recent estimates of infrastructure financing requirements in Asia, this paper frames a scenario for infrastructure development in the region and estimates the external effects of infrastructure investment. It also assesses quantitatively the economy-wide welfare effects of developing regional infrastructure in Asia, using a global computable general equilibrium model. The results show that developing Asian economies would gain significantly from the expansion of regional infrastructure in transport and communication. With annual investment of around US$800 billion in transport, communication, and energy infrastructure during 2010–2020, developing Asia is likely to reap welfare gains of US$1,616.3 billion (in 2008 prices) in 2020, or 10% of projected aggregate gross domestic product.[Working Paper 223]

Suggested Citation

  • Fan Zhai, 2010. "The Benefits of Regional Infrastructure Investment in Asia: A Quantitative Exploration," Working Papers id:2622, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:2622
    Note: Institutional Papers
    as

    Download full text from publisher

    File URL: http://www.esocialsciences.org/Download/repecDownload.aspx?fname=Document13062010527.067508E-02.pdf&fcategory=Articles&AId=2622&fref=repec
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Zhai, Fan, 2008. "Armington Meets Melitz: Introducing Firm Heterogeneity in a Global CGE Model of Trade," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 23, pages 575-604.
    2. Fan Zhai (ed.), 2009. "From Growth to Convergence," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-25060-4, October.
    3. World Bank, 2005. "Global Economic Prospects 2005 : Trade, Regionalism and Development," World Bank Publications - Books, The World Bank Group, number 14783.
    4. Joseph Francois & Miriam Manchin & Annette Pelkmans-Balaoing, 2009. "Regional Integration in Asia: The Role of Infrastructure," Palgrave Macmillan Books, in: Joseph Francois & Pradumna B. Rana & Ganeshan Wignaraja (ed.), Pan-Asian Integration, chapter 7, pages 439-485, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Erwin Corong & Lawrence Dacuycuy & Rachel Reyes & Angelo Taningco, 2013. "The Growth and Distributive Impacts of Public Infrastructure Investments in the Philippines," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: John Cockburn & Yazid Dissou & Jean-Yves Duclos & Luca Tiberti (ed.), Infrastructure and Economic Growth in Asia, edition 127, pages 47-86, Springer.
    2. Euijune Kim & Seung‐Woon Moon & Yoojin Yi, 2021. "Analyzing spillover effects of development of Asian highway on regional growth of Northeast Asian countries," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1243-1266, August.
    3. Chin, Gregory, 2012. "Responding to the Global Financial Crisis: The Evolution of Asian Regionalism and Economic Globalization," ADBI Working Papers 343, Asian Development Bank Institute.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fan Zhai, 2012. "Benefits of infrastructure investment: an empirical analysis," Chapters, in: Biswa Nath Bhattacharyay & Masahiro Kawai & Rajat M. Nag (ed.), Infrastructure for Asian Connectivity, chapter 3, pages 80-94, Edward Elgar Publishing.
    2. Zhai, Fan, 2018. "China’s belt and road initiative: A preliminary quantitative assessment," Journal of Asian Economics, Elsevier, vol. 55(C), pages 84-92.
    3. Joseph Francois & Bernard Hoekman, 2010. "Services Trade and Policy," Journal of Economic Literature, American Economic Association, vol. 48(3), pages 642-692, September.
    4. Mohamed Hedi Bchir & Sébastien Jean & David Laborde, 2006. "Binding Overhang and Tariff-Cutting Formulas," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 142(2), pages 207-232, July.
    5. Itakura, Ken & Oyamada, Kazuhiko, 2014. "Examining Trade Response of Armington-Krugman-Melitz Encompassing Module in a CGE Model," Conference papers 332513, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. McDonald, Scott & Robinson, Sherman & Thierfelder, Karen, 2008. "Asian Growth and Trade Poles: India, China, and East and Southeast Asia," World Development, Elsevier, vol. 36(2), pages 210-234, February.
    7. Harry Bowen & Haris Munandar & Jean-Marie Viaene, 2010. "How integrated is the world economy?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(3), pages 389-414, September.
    8. Arashiro, Zuleika & Goldbaum, Sergio & Lima, Maria Lúcia Labate Mantovanini Pádua & Lima, Ieda Miyuki Koshi Dias De & Pedrossian Neto, Pedro, 2005. "Regional trade agreements and the world trade organization," Textos para discussão 146, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    9. Meenal Shrivastava, 2008. "South Africa in the Contemporary International Economy," South Asian Survey, , vol. 15(1), pages 121-142, January.
    10. Lord, Montague, 2005. "Economic Growth in Uzbekistan: Sources and Potential," MPRA Paper 50731, University Library of Munich, Germany.
    11. Anderson, Kym & Valenzuela, Ernesto & van der Mensbrugghe, Dominique, 2009. "Welfare and Poverty Effects of Global Agricultural and Trade Policies Using the Linkage Model," Agricultural Distortions Working Paper Series 52785, World Bank.
    12. Leonardo Baccini, 2010. "Explaining formation and design of EU trade agreements: The role of transparency and flexibility," European Union Politics, , vol. 11(2), pages 195-217, June.
    13. repec:sae:envval:v:22:y:2013:i:2:p:261-285 is not listed on IDEAS
    14. Oyamada, Kazuhiko, 2013. "Parameterization of applied general equilibrium models with flexible trade specifications based on the Armington, Krugman, and Melitz models," IDE Discussion Papers 380, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    15. Hosoe, Nobuhiro, 2018. "Impact of border barriers, returning migrants, and trade diversion in Brexit: Firm exit and loss of variety," Economic Modelling, Elsevier, vol. 69(C), pages 193-204.
    16. Olga Ivanova & d'Artis Kancs & Dirk Stelder, 2009. "Modelling Inter-Regional Trade Flows: Data and Methodological Issues in Rhomolo," EERI Research Paper Series EERI RP 2009/31, Economics and Econometrics Research Institute (EERI), Brussels.
    17. repec:spo:wpmain:info:hdl:2441/8226 is not listed on IDEAS
    18. Kazuhiko Oyamada & Kaoru Nabeshima & Etsuyo Michida, 2015. "Analyses of EU RoHS/ELV Directives Based on an AGE Model with Melitz-type Trade Specification," EcoMod2015 8304, EcoMod.
    19. Asad Alam & Mamta Murthi & Ruslan Yemtsov & Edmundo Murrugarra & Nora Dudwick & Ellen Hamilton & Erwin Tiongson, 2005. "Growth, Poverty and Inequality : Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 7287.
    20. Rod Falvey & Neil Foster-McGregor, 2022. "The breadth of preferential trade agreements and the margins of exports," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(1), pages 181-251, February.
    21. Oyamada, Kazuhiko & Nabeshima, Kaoru & Michida, Etsuyo, 2015. "Simulation Analysis of EU ELV/RoHS Directives Based on an Applied General Equilibrium Model with Melitz-type Trade Specification," Conference papers 332610, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    22. Patrick Messerlin, 2012. "Climate and trade policies: from mutual destruction to mutual support," Post-Print hal-01024537, HAL.

    More about this item

    Keywords

    infrastructure; financing; Asia; communication; billion; gross domestic product; projected; aggregate;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F15 - International Economics - - Trade - - - Economic Integration

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:2622. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Padma Prakash (email available below). General contact details of provider: http://www.esocialsciences.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.