On the road: Access to transportation infrastructure and economic growth in China

• 成果类型: Article
• 署名作者: Banerjee, Abhijit; Duflo, Esther; Qian, Nancy
• 署名单位: Center for Economic & Policy Research (CEPR); Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Northwestern University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2020.102442
• 发表日期: 2020
• 关键词: infrastructure; GROWTH; INEQUALITY; FIRMS

摘要

This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-year period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities. Our results show that proximity to transportation networks have a moderately sized positive causal effect on per capita GDP levels across sectors, but no effect on per capita GDP growth. We provide a simple theoretical framework with empirically testable predictions to interpret our results. We argue that our results are consistent with factor mobility playing an important role in determining the economic benefits of infrastructure development.