Impact of Cross-Border Road Infrastructure on Trade and Investment in the Greater Mekong Sub-Region

This paper investigates the impact of cross-border road infrastructure on international trade and foreign direct investments in the Greater Mekon Sub-region (GMS). The paper uses panel data that were obtained for the six economies involved. Available data suggests that the development of cross-border road infrastructure in the GMS has had a positive effect on intra-regional trade in major commodities, with the average elasticity of over 0.4, which is distinct from the effect of domestic road infrastructure. Cross-border road infrastructure is also found to have a complementary role to domestic road infrastructure in promoting aggregate intra-GMS trade. However, sample size constraints made it impossible to carry out comprehensive analyses on the precise nature of trade-foreign direct investment (FDI) nexus in the GMS.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Appendices; Bibliography; Tables;
  • Pagination: pp 191-218
  • Monograph Title: Benefiting from Globalisation. Transport Sector Contribution and Policy Challenges

Subject/Index Terms

Filing Info

  • Accession Number: 01140806
  • Record Type: Publication
  • ISBN: 9789282101681
  • Files: TRIS
  • Created Date: Sep 28 2009 10:29AM