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Assessing Socioeconomic Impacts of Transport Infrastructure Projects in the Greater Mekong Subregion

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Listed author(s):
  • Susan Stone

    ()

  • Anna Strutt

    ()

  • Thomas Hertel

    ()

Abstract

This study attempts to quantify the links between infrastructure investment and poverty reduction using a multi-region general equilibrium model, supplemented with household survey data for the Greater Mekong Subregion (GMS). Infrastructure investment is an important step in economic development, with improvements in transportation infrastructure boosting economic opportunities throughout the region, for example by significantly reducing travel times and costs. In this study, we concentrate on quantifying the effects of some of the key linkages between upgraded infrastructure, economic growth, and poverty reduction. We model the impact of both reducing transport costs and improving trade facilitation in the GMS. Our findings suggest strong gains to the GMS countries as a result of infrastructure development and trade facilitation with national poverty reduced throughout the region. However, the impact on various segments of these populations differs, depending in part on factor returns. [ADBI Working Paper 234]

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Paper provided by eSocialSciences in its series Working Papers with number id:2959.

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Date of creation: Oct 2010
Handle: RePEc:ess:wpaper:id:2959
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Keywords: infrastructure investment; poverty reduction; Greater Mekong Subregion (GMS); economic growth;

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Find related papers by JEL classification:
  • F15 - International Economics - - Trade - - - Economic Integration
  • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
  • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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  15. W. Hertel, Thomas, 2001. "Dynamic Effects of the “New Age” Free Trade Agreement between Japan and Singapore," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 446-484.
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Cited by:

  1. Peerapeng, Suk-Rutai & Chaitip, Prasert & Chaiboonsri, Chukiat & Kovacs, Sandor & Balogh, Peter, 2012. "Impact Of Economic Globalization On The Human Trafficking In The Greater Mekong Sub-Region Countries," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 6(5).
  2. Phouphet Kyophilavong, 2011. "Will trade liberalization in least developed countries help during the crisis? Evidence from the Lao People’s Democratic Republic," STUDIES IN TRADE AND INVESTMENT,in: Trade-led growth: A sound strategy for Asia, chapter 13 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  3. Claire Delpeuch & Marie-Agnès Jouanjean & Alexandre Le Vernoy & Patrick Messerlin & Thomas Orliac, 2010. "Aid for Trade: A Meta-evaluation," Sciences Po publications info:hdl:2441/5l6uh8ogmqi, Sciences Po.

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