The Role of Infrastructure Investment Location in China's Western Development
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World Bank, Washington, D.C.
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Development of the western region is
vital to the balanced growth of China. The author studies
the impacts of infrastructure investment that may most
efficiently alleviate the burden of geographical remoteness
of the West. Having constructed the �adjusted distance� to
approximate the transport cost, which takes into account the
effects of real distance and infrastructure development, the
author defines the �peripheral degree� to measure the
effective remoteness of a province to an economic center.
Using panel data for 1979�99 from the Chinese provinces, she
shows that geographic attractiveness plays a significant
role in a Solow-type growth determination model. Given the
invariability of pure geographic position, progress in
transportation facilities is essential to reduce the
geographic handicap and to encourage the catching-up of the
western region. The author�s simulation results show that
the central transportation hubs (Hubei, Henan, and Hunan)
merit most infrastructure investments, for they favor the
development of many provinces, if regional balanced growth
is considered as the prime objective. In particular,
improvement in the transportation facilities in central hubs
will have greater effects on western development than that
in the western region by itself. Improvements in the
transportation facilities of the central hubs substantially
improves the geographic attractiveness of the western region
by reducing the transport cost from the West to the Coast
and by promoting the emergence of new economic centers in
such hubs, which tends to modify the national economic
geographic structure.
Palabras clave
INFRASTRUCTURE INVESTMENTS, GEOGRAPHICAL BALANCE, GEOGRAPHICAL LOCATION, PANEL DATA SETS, TRANSPORT COSTS, TRANSPORT FACILITIES, REGIONAL GROWTH AGRICULTURAL PRODUCTIVITY, ANNUAL GROWTH, ANNUAL GROWTH RATE, AVERAGE GROWTH, AVERAGE LEVEL, BILATERAL TRADE, CLIMATE, COMPARATIVE ADVANTAGES, CONVERGENCE, DEPENDENT VARIABLE, DEVELOPMENT GOALS, DOMESTIC MARKET, ECONOMIC ACTIVITIES, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC GROWTH RATE, ECONOMIC PERFORMANCE, ECONOMIC REFORM, ECONOMIC SIZE, ESTIMATION RESULTS, EXPORT PERFORMANCE, EXTERNAL POLICY, FIXED EFFECTS, FOREIGN MARKETS, GDP, GDP PER CAPITA, GROSS DOMESTIC PRODUCT, GROWTH PATTERN, GROWTH PROSPECTS, GROWTH RATE, GROWTH RATES, GROWTH THEORY, HUMAN CAPITAL, INFRASTRUCTURE INVESTMENT, INTEREST RATE, INTERNAL TRADE, INTERNATIONAL MARKETS, INVESTMENT LOCATION, INVESTMENT POLICIES, INVESTMENT RATE, INVESTMENT RATIO, LIQUIDITY, LOCAL PRODUCTION, LONG RUN, MARGINAL RETURN, MARKET ACCESS, MARKET ENLARGEMENT, NEGATIVE EFFECT, NEGATIVE SIGN, NEOCLASSICAL GROWTH MODEL, OPTIMIZATION, POLICY CHANGE, POLICY RESEARCH, PRIVATE INVESTMENT, PRODUCTION FUNCTION, PRODUCTION STRUCTURE, PROFIT MARGIN, PROGNOSIS, RAPID GROWTH, REAL GDP, REGIONAL DEVELOPMENT, REGIONAL DIFFERENCES, REGIONAL ECONOMY, REGIONAL GROWTH, REGIONAL MARKET, RELATIVE IMPORTANCE, SOCIAL STABILITY, TECHNOLOGICAL PROGRESS, TRADE PARTNERS, TRADE VOLUME, TRANSPORT COST, TRANSPORT COSTS, UNDERDEVELOPMENT