Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits

Transport corridors to stimulate regional integration and trade have become a popular development tool. But when they fail to generate the expected wider economic benefits, they can become wasteful or unequitable investments. This paper evaluates t...

Full description

Bibliographic Details
Main Author: Melecky, Martin
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2017
Subjects:
Online Access:http://documents.worldbank.org/curated/en/247241513018767338/Appraisal-econometrics-for-proposed-transport-corridors-optimal-placement-intervention-design-and-wider-economic-benefits
http://hdl.handle.net/10986/29005
id okr-10986-29005
recordtype oai_dc
spelling okr-10986-290052021-06-08T14:42:47Z Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits Melecky, Martin TRANSPORT INFRASTRUCTURE ECONOMIC CORRIDOR IMPACT APPRAISAL ECONOMETRICS SHARED PROSPERITY ECONOMIC BENEFITS Transport corridors to stimulate regional integration and trade have become a popular development tool. But when they fail to generate the expected wider economic benefits, they can become wasteful or unequitable investments. This paper evaluates the relative strengths and weaknesses of econometric methods as applied today to appraise the proposed placement of transport corridors and the project design to distribute benefits more widely; the future potential of these methods; and an emerging synthesis in some recent studies. The review focuses on network, reduced-form, and structural (general equilibrium) econometrics. At the current juncture, from the policy-making perspective, combining network econometrics based on the notion of centrality with reduced-form regressions comprising interactive effects could be the most practical approach. Future research could focus on advancing structural general equilibrium econometrics to cover multiple markets together with network econometrics to consider the interaction of heterogeneous agents. 2017-12-15T18:06:10Z 2017-12-15T18:06:10Z 2017-12 Working Paper http://documents.worldbank.org/curated/en/247241513018767338/Appraisal-econometrics-for-proposed-transport-corridors-optimal-placement-intervention-design-and-wider-economic-benefits http://hdl.handle.net/10986/29005 English Policy Research Working Paper;No. 8269 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper South Asia South Asia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic TRANSPORT INFRASTRUCTURE
ECONOMIC CORRIDOR
IMPACT APPRAISAL
ECONOMETRICS
SHARED PROSPERITY
ECONOMIC BENEFITS
spellingShingle TRANSPORT INFRASTRUCTURE
ECONOMIC CORRIDOR
IMPACT APPRAISAL
ECONOMETRICS
SHARED PROSPERITY
ECONOMIC BENEFITS
Melecky, Martin
Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits
geographic_facet South Asia
South Asia
relation Policy Research Working Paper;No. 8269
description Transport corridors to stimulate regional integration and trade have become a popular development tool. But when they fail to generate the expected wider economic benefits, they can become wasteful or unequitable investments. This paper evaluates the relative strengths and weaknesses of econometric methods as applied today to appraise the proposed placement of transport corridors and the project design to distribute benefits more widely; the future potential of these methods; and an emerging synthesis in some recent studies. The review focuses on network, reduced-form, and structural (general equilibrium) econometrics. At the current juncture, from the policy-making perspective, combining network econometrics based on the notion of centrality with reduced-form regressions comprising interactive effects could be the most practical approach. Future research could focus on advancing structural general equilibrium econometrics to cover multiple markets together with network econometrics to consider the interaction of heterogeneous agents.
format Working Paper
author Melecky, Martin
author_facet Melecky, Martin
author_sort Melecky, Martin
title Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits
title_short Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits
title_full Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits
title_fullStr Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits
title_full_unstemmed Appraisal Econometrics for Proposed Transport Corridors : Optimal Placement, Intervention Design, and Wider Economic Benefits
title_sort appraisal econometrics for proposed transport corridors : optimal placement, intervention design, and wider economic benefits
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/247241513018767338/Appraisal-econometrics-for-proposed-transport-corridors-optimal-placement-intervention-design-and-wider-economic-benefits
http://hdl.handle.net/10986/29005
_version_ 1764468249824591872