To offset the negative shock of the 2008 Global Financial Crisis on its economic growth, the Chinese government decided to adopt a large-scale infrastructure investment plan. The focal points of this study are to assess if this plan is economically efficient and how much financial risk this plan...
Our results suggest that regional infrastructure investment does not affect regional economic growth through the former's impact on regional TFP growth. We also examine the possible relationship between regional infrastructure investment and the estimated individual region effects and find a negative ...
As LGFVs took off, infrastructure investment surged >60%YoY in mid-2009. In 2012-13, China started another round of expansion as GDP growth started to drop below 8% on the back of the earlier tightening on local borrowings. Partly fuelled by shadow finance, infrastructure investment soared a...
Facing the triple pressure of shrinking demand, supply shock, and weakening expectation, China has scaled up support for major projects amid efforts to expand effective investment, generate more economic activities and boost growth. INFRASTRUCTURE ON FAST TRACK For excavator operators in China, the pas...
Port investment outputs in 1999–2010 vary among four sub-regions in China.Yangtze and Bohai region enjoy the highest port investment output elasticity.Central region merely with inland ports enjoys the lowest port investment output.The relations are also observed on the level of port provinces.Diffe...
BEIJING, April 28 (Xinhua) -- Investment, a traditional key driver of China's economic growth, is unleashing new energy as the central authorities have made fresh arrangements to modernize the country's infrastructure for sustained growth.
With regard to road construction in lagging regions in particular, the impact appears to have become negative under a program of ramped up efforts. The results resonate with the theoretical literature on the inverse U-shaped relationship between infrastructure investment and growth which posits a "...
"The development of the Sino-Uganda Mbale Industrial Park is doing wonders. We have seen the foreign direct investment coming through the industrial park, helping us in terms of import substitution. Most of the things we were importing, such as televisions and clothes, are all being produced at...
Effects of Infrastructure Investment on Structural Change and Productivity Growth in China ●刊期:China Economist ●作者简介: GuoKaiming (Lingnan College, Sun Yat-sen University, Guangzhou, China) WangTengqiao (Lingnan College, Sun...
Infrastructure spending has played a vital role in China's economic rise over the past three decades, from laying thousands of miles of railway tracks to building record-breaking skyscrapers. Beijing historically depended on local governments to invest in infrastructure to fuel growth and ensure employ...