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Author: Eric Bond
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
November 1997 This model predicts that without cooperative infrastructure agreements between countries, there will be underinvestment in those forms of infrastructure in which the investments will have spillover effects to other countries. For a relatively small country, for example, there would tend to be more underinvestment in railroad and highway infrastructure to neighboring countries than there would be in airport and harbor infrastructure (carrying goods to the whole world). Bond examines whether trade liberalization should create a greater incentive for countries to invest in transportation infrastructure. He pays special attention to the case of preferential trade liberalization between neighboring countries, where investments in roads or railroads are specific to the partner country and will thus have spillover effects. The existence of spillovers will lead to gains from cooperative agreements about investment levels. Bond shows that in a small country the incentive to invest in infrastructure depends on the level of the tariff when demand is linear. If protection is in the form of a quota, on the other hand, trade liberalization will increase the optimal infrastructure investment. He shows that in a two-country model with spillovers between countries, the cooperative equilibrium may involve either more or less investment than the noncooperative equilibrium, depending on the pattern of trade between the two countries and the degree of substitutability between investments in the two countries. For a relatively small country, for example, there would be more underinvestment in railroad and highway infrastructure to neighboring countries than there would be in airport and harbor infrastructure. The first type of investment is specific to certain markets and is likely to affect the relative price of goods in those markets. The second type of investment, on the other hand, will send goods to world markets generally, where prices are likely to be relatively unaffected by the investments. Bond also examines the desirability of linking regional trade and infrastructure agreements. The prediction generated by his model is that in the absence of cooperative agreements between countries, there will be underinvestment in those forms of transportation in which the investments will have spillover effects to other countries. Bond identifies two forms of gains from infrastructure agreements: * Internalizing the terms-of-trade effects and thus avoiding the inefficient investment levels that arise in noncooperative choices of investment levels. * Internalizing the effects of the infrastructure investment in the tariff negotiation process, in cases where countries cannot commit to future tariff rates. This paper-a product of the Development Research Group-is part of a larger effort in the group to understand regionalism and development.
Author: Eric Bond
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
November 1997 This model predicts that without cooperative infrastructure agreements between countries, there will be underinvestment in those forms of infrastructure in which the investments will have spillover effects to other countries. For a relatively small country, for example, there would tend to be more underinvestment in railroad and highway infrastructure to neighboring countries than there would be in airport and harbor infrastructure (carrying goods to the whole world). Bond examines whether trade liberalization should create a greater incentive for countries to invest in transportation infrastructure. He pays special attention to the case of preferential trade liberalization between neighboring countries, where investments in roads or railroads are specific to the partner country and will thus have spillover effects. The existence of spillovers will lead to gains from cooperative agreements about investment levels. Bond shows that in a small country the incentive to invest in infrastructure depends on the level of the tariff when demand is linear. If protection is in the form of a quota, on the other hand, trade liberalization will increase the optimal infrastructure investment. He shows that in a two-country model with spillovers between countries, the cooperative equilibrium may involve either more or less investment than the noncooperative equilibrium, depending on the pattern of trade between the two countries and the degree of substitutability between investments in the two countries. For a relatively small country, for example, there would be more underinvestment in railroad and highway infrastructure to neighboring countries than there would be in airport and harbor infrastructure. The first type of investment is specific to certain markets and is likely to affect the relative price of goods in those markets. The second type of investment, on the other hand, will send goods to world markets generally, where prices are likely to be relatively unaffected by the investments. Bond also examines the desirability of linking regional trade and infrastructure agreements. The prediction generated by his model is that in the absence of cooperative agreements between countries, there will be underinvestment in those forms of transportation in which the investments will have spillover effects to other countries. Bond identifies two forms of gains from infrastructure agreements: * Internalizing the terms-of-trade effects and thus avoiding the inefficient investment levels that arise in noncooperative choices of investment levels. * Internalizing the effects of the infrastructure investment in the tariff negotiation process, in cases where countries cannot commit to future tariff rates. This paper-a product of the Development Research Group-is part of a larger effort in the group to understand regionalism and development.
Author: BMW Group
Publisher: Springer Science & Business Media
ISBN: 3540682996
Category : Technology & Engineering
Languages : en
Pages : 129
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Book Description
This book combines approaches from economics as well as business administration to stimulate scientific discourse and support decision-makers. The first part of the book examines the relationship between transport and economic growth, and specifically, whether "decoupling" of transport and economic growth appears possible. Previously unavailable regional data for Italy and Germany were collected and analyzed. The results indicate that transport makes an important contribution to economic growth.
Author: Bernard M. Hoekman
Publisher: World Bank Publications
ISBN:
Category : Acuerdos comerciales
Languages : en
Pages : 62
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Book Description
Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives.
Author: Mauricio Mesquita Moreira
Publisher: BID-INTAL
ISBN: 9507382631
Category :
Languages : en
Pages : 46
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Book Description
Author: David Banister
Publisher: Psychology Press
ISBN: 9780419255901
Category : Architecture
Languages : en
Pages : 404
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Book Description
This book makes a major contribution to the debate and is directed at researchers, decision makers and students who are interested in the wider economic development impacts of transport.
Author: Das, Ramesh Chandra
Publisher: IGI Global
ISBN: 1522523626
Category : Business & Economics
Languages : en
Pages : 494
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Book Description
The infrastructure of a country has significant effects on both the lives of its citizens and its place in international markets. As such, it is imperative to develop policies to promote the quality of a nation’s infrastructure. The Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development is a pivotal reference source for the latest scholarly research on various initiatives and policies developed to enhance the current infrastructure of modern nations. Including the role of economics, finance, and multiple industry perspectives, this book covers a range of pertinent topics such as R&D initiatives, foreign direct investment, and trade liberalization, and this publication is an ideal reference source for researchers, academics, practitioners, and students interested in recent trends in infrastructure development.
Author: Alejandra Berenice Trejo Nieto
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
As a result of the advancement of globalisation and the increasing emphasis on competitiveness as a means to get a position in a globalised economy, the territory has regained a key role as a unit for analysis and action. In the context of the globalization local and regional territories compete to attract and retain productive investment and resources and increase its share in total production because it is at the territorial level that the benefits of external integration and the continuous improvement of well-being and abundance are expressed. Transport and trade costs are one dimension of competitiveness. Poor transport infrastructure, long transportation times, inefficiencies, etc. create significant costs which affect the ability of producers to access regional and international markets more quickly and effectively. An analysis of the role played by transport infrastructure and related costs in the development of competitiveness and productivity of regions is fundamental. Although transportation can become a determining factor in how the territory functions development also depends on other crucial factors such as the quality of institutions, economic policies and often openness to trade. This paper will assess the influence of a number of economic forces related to transport costs and trade liberalization on the geographic distribution of manufacturing in Mexico which is a country that carried out and intense process of liberalizations from the 1980's. We will employ GDP data at the state level (1970-2004) in an examination of regional densities in manufacturing as a dependent variable in a reduced form model, where proxies for trade costs and liberalisation are the explanatory variables. The econometric test will provide evidence on the role of interregional differences of transport costs, import access and FDI to foster agglomeration of economic activity which is a reflection of a region's competitiveness. Additionally we look for support for the argument that trade brings increasing agglomeration of economic activity in countries with poor infrastructure and high internal transport costs, as in the case of Mexico compared to industrialised economies.
Author: Douglas H. Brooks
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
This book analyses and draws policy implications from infrastructure's central role in lowering Asia's trade costs. Infrastructure is shown to be a cost-effective means of lowering trade costs and thereby promoting regional growth and integration. This book combines thematic and country studies, while breaking new ground in quantifying infrastructure's impact on Asia's trade costs. The contributors examine empirical estimates of Asia's trade costs and infrastructure's influence on those costs while also contributing to a better understanding of the region's logistics challenges. The book includes interesting case studies of rapid growth and congestion (in PRC), inland transportation challenges (India), port competition in an archipelago (Indonesia) and transportation modal switching as value-added rises (Malaysia) that are policy- and project-relevant in their own right. The analysis and policy implications in this book will be of interest to trade and infrastructure policy-makers and academics at graduate and higher levels involved in economic development or Asian studies, as well as the broader development community.
Author: European Conference of Ministers of Transport
Publisher: OECD Publishing
ISBN: 9282101479
Category :
Languages : en
Pages : 240
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Book Description
The Round Table discussed the role of the transport sector in supporting regional economic integration. The event was hosted by the Hellenic Institute of Transport, Thessaloniki.
Author: Tham Siew Yean
Publisher: Flipside Digital Content Company Inc.
ISBN: 9814786268
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
The services sector plays an important role in ASEAN economies as it accounts for about half of the region's GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sector's contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization. Logistics is an important industry in the services sector. The integration of logistics is important for deepening economic integration in ASEAN as it facilitates the movement of goods, services and people within and across countries, among producers and from producers to consumers. In view of its importance, ASEAN has identified logistics as one of its priority integration sectors. It has also developed a Connectivity Master Plan and a Strategic Transport Plan, where logistics plays an important role. This book examines the current state of services liberalization in the ten ASEAN economies. It also assesses the FDI enabling environment and the extent of FDI liberalization in the logistics sector as well as the liberalization challenges encountered in each of the ASEAN economies. The book, thus, provides a comparative picture of services liberalization as well as the state of logistics liberalization and development in each of the ten ASEAN member countries. All these have important bearings on deepening ASEAN economic integration for 2025 and beyond.
