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The wider economic benefits of transport corridors: a policy framework and illustrative application to the China-Pakistan Economic Corridor

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Listed:
  • Martin Melecky
  • Mark Roberts
  • Siddharth Sharma

Abstract

This article discusses a new policy framework to appraise proposals of large transport infrastructure investments—transport corridors—and applies it to the China-Pakistan Economic Corridor (CPEC). The framework emphasises the need to focus appraisal on the ultimate benefits that households along a corridor and, more generally, society, can attain—such as increased consumption, better jobs and greater equity. It also emphasises the need to identify and manage trade-offs. The appraisal framework is applied to Pakistan’s portion of the CPEC. Simulations suggest important heterogeneous impacts of CPEC among districts in Pakistan stemming from variations in restrictions on land use and in secondary education across connected districts.

Suggested Citation

  • Martin Melecky & Mark Roberts & Siddharth Sharma, 2019. "The wider economic benefits of transport corridors: a policy framework and illustrative application to the China-Pakistan Economic Corridor," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 12(1), pages 17-44.
  • Handle: RePEc:oup:cjrecs:v:12:y:2019:i:1:p:17-44.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsy033
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    References listed on IDEAS

    as
    1. Redding, Stephen J. & Turner, Matthew A., 2015. "Transportation Costs and the Spatial Organization of Economic Activity," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 1339-1398, Elsevier.
    2. Stephane Straub, 2011. "Infrastructure and Development: A Critical Appraisal of the Macro-level Literature," Journal of Development Studies, Taylor & Francis Journals, vol. 47(5), pages 683-708.
    3. Catherine Fuss & Philip Vermeulen, 2008. "Firms' investment decisions in response to demand and price uncertainty," Applied Economics, Taylor & Francis Journals, vol. 40(18), pages 2337-2351.
    4. Macário, Rosário & Ribeiro, Joana & Costa, Joana Duarte, 2015. "Understanding pitfalls in the application of PPPs in transport infrastructure in Portugal," Transport Policy, Elsevier, vol. 41(C), pages 90-99.
    5. repec:taf:jdevst:v:53:y:2017:i:4:p:465-480 is not listed on IDEAS
    6. Claudia N. Berg & Uwe Deichmann & Yishen Liu & Harris Selod, 2017. "Transport Policies and Development," Journal of Development Studies, Taylor & Francis Journals, vol. 53(4), pages 465-480, April.
    7. Ejaz Ghani & Arti Grover Goswami & William R. Kerr, 2016. "Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing," Economic Journal, Royal Economic Society, vol. 126(591), pages 317-357, March.
    8. Firat Demir, 2009. "Macroeconomic uncertainty and private investment in Argentina, Mexico and Turkey," Applied Economics Letters, Taylor & Francis Journals, vol. 16(6), pages 567-571.
    9. Bakker, P. & Koopmans, C. & Nijkamp, P., 2009. "Appraisal of integrated transport policies," Serie Research Memoranda 0052, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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    More about this item

    Keywords

    infrastructure; transport corridors; economic appraisal; wider economic benefits; Pakistan; China;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

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