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...
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World Bank, Washington, DC
2017
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| 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 |
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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 |
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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 |