Georgia Economic Impact of East-West Highway Phase 2

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dc.creatorWorld Bank
dc.date2016-07-12T18:14:10Z
dc.date2016-07-12T18:14:10Z
dc.date2016-06-27
dc.date.accessioned2026-07-01T00:47:19Z
dc.descriptionThe objective of this study is to assess the impact of the East-West Highway improvement program on Georgia’s ability to access international markets. As highlighted extensively in the literature, improving transport infrastructure and the efficiency of the logistics sector can help countries gain competitiveness in international export markets, which can translate into faster economic growth and higher income. This study hypothesizes that investments in the EWH have reduced the cost of shipping Georgian goods to the rest of the world, and such reductions should be more significant for goods transported by road. To estimate the effect of cost reductions generated by improvements in the EWH, a gravity-type model in first-differences has been estimated. The results show that: (i) a 10 percent increase in the length of upgraded road network predicts a 1.1 percent increase in exports transported by road while no significant effect is estimated for exports on other transport modes (rail, sea, and air); (ii) the resulting increase in exports by road was reflected by a decrease in exports transported by sea; (iii) the effect is statistically and economically significant only for customs offices located along the EWH; (iv) only exports of time-sensitive products responded positively and significantly to improvements in the EWH during the 2006-2015 period; (v) upgrading the entire EWH is estimated to generate additional export revenues between USD 776 million and USD 1,466 million. It is important to note that the overall trade generating effect of the investment is expected to be somewhat lower as the results suggest some substitution between road and sea transport, but the overall impact is a significant boost to exports.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26529815/georgia-second-phase-economic-impact-east-west-highway-investments-exports-through-gravity-modeling
dc.identifierhttps://hdl.handle.net/10986/24668
dc.identifier10.1596/24668
dc.identifier.urihttp://hdl.handle.net/123456789/411003
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectTARIFFS
dc.subjectEXPORT MARKETS
dc.subjectECONOMIC GROWTH
dc.subjectFREE TRADE AGREEMENT
dc.subjectPRODUCTION
dc.subjectPRICE DISTORTIONS
dc.subjectVALUATION
dc.subjectROAD IMPROVEMENTS
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectEXPECTATIONS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectVEHICLES
dc.subjectTRADE BARRIERS
dc.subjectEXPORT PERFORMANCE
dc.subjectREAL GDP
dc.subjectUTILITY MAXIMIZATION
dc.subjectTRANSPORT MODE
dc.subjectQUALITY OF TRANSPORT
dc.subjectEXPORTS
dc.subjectTREND
dc.subjectELASTICITY
dc.subjectWELFARE
dc.subjectTRAVEL SPEED
dc.subjectEQUILIBRIUM
dc.subjectDISTRIBUTION
dc.subjectVARIABLES
dc.subjectREDUCTION IN TRAVEL
dc.subjectTRAFFIC
dc.subjectHIGHWAY SYSTEM
dc.subjectROAD INFRASTRUCTURE
dc.subjectROUTES
dc.subjectAIR
dc.subjectFREE TRADE
dc.subjectTRAVELERS
dc.subjectROAD CAPACITY
dc.subjectTUNNEL
dc.subjectTRANSPORTATION INFRASTRUCTURE
dc.subjectTRENDS
dc.subjectECONOMIC OUTLOOK
dc.subjectHIGHWAY INVESTMENTS
dc.subjectTRANSPORT MODES
dc.subjectTRADE BARRIER
dc.subjectTRAVEL COSTS
dc.subjectVEHICLE
dc.subjectFOREIGN TRADE
dc.subjectROAD
dc.subjectCOSTS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectROAD NETWORK
dc.subjectTRANSPORT
dc.subjectINTERSTATE HIGHWAY SYSTEM
dc.subjectMODE OF TRANSPORT
dc.subjectCUSTOMS
dc.subjectEXTERNALITIES
dc.subjectTRIPS
dc.subjectEXPORT VOLUME
dc.subjectMARKETS
dc.subjectMODES OF TRANSPORT
dc.subjectDOMESTIC TRANSPORT
dc.subjectTRADE MODELS
dc.subjectHIGHWAY IMPROVEMENT
dc.subjectECONOMIC SIZE
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectLENGTH OF ROAD
dc.subjectIMPORTS
dc.subjectTRADE POLICY
dc.subjectROAD IMPROVEMENT
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectTRAVEL TIMES
dc.subjectTRANSPORT EQUIPMENT
dc.subjectHIGHWAY IMPROVEMENT PROJECT
dc.subjectINTERNATIONAL GATEWAYS
dc.subjectUTILITY
dc.subjectTRADE AGREEMENT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectROUTE
dc.subjectINFRASTRUCTURE
dc.subjectTAXES
dc.subjectINTERNATIONAL STANDARDS
dc.subjectGENERAL EQUILIBRIUM
dc.subjectCONSUMPTION
dc.subjectPRODUCTIVITY GROWTH
dc.subjectDRIVING
dc.subjectINTERNATIONAL PRODUCTION
dc.subjectTRAVEL
dc.subjectTRANSPORTATION
dc.subjectTRANSIT
dc.subjectPOLICIES
dc.subjectBENEFITS OF TRADE
dc.subjectINTERNATIONAL TRADE
dc.subjectVALUE
dc.subjectCOMPETITIVENESS
dc.subjectPRODUCTION FUNCTIONS
dc.subjectELASTICITIES
dc.subjectEXPORT STRUCTURE
dc.subjectUTILITY FUNCTION
dc.subjectEXPECTED VALUE
dc.subjectCONSUMERS
dc.subjectAGRICULTURE
dc.subjectECONOMY
dc.subjectTARIFF BARRIERS
dc.subjectHIGHWAYS
dc.subjectTRANSPORTATION EQUIPMENT
dc.subjectBRIDGE
dc.subjectREGRESSION ANALYSIS
dc.subjectROADS
dc.subjectLENGTH OF ROADS
dc.subjectCROSSING
dc.subjectTRADE DATA
dc.subjectHIGHWAY
dc.subjectTRADE
dc.subjectECONOMIC INTEGRATION
dc.subjectGDP
dc.subjectGOODS
dc.subjectTHEORY
dc.subjectCOST OF TRANSPORT
dc.subjectGROWTH RATE
dc.subjectBILATERAL TRADE
dc.subjectINVESTMENT
dc.subjectINVESTMENT IN ROADS
dc.subjectCUSTOMS OFFICES
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectTRANSIT CORRIDOR
dc.subjectTARIFF
dc.subjectRAIL
dc.subjectTRIP
dc.subjectLANES
dc.subjectEXPORT BASKET
dc.subjectINVESTMENTS
dc.subjectECONOMIC GEOGRAPHY
dc.subjectTRANSPORT COSTS
dc.subjectOUTCOMES
dc.subjectROAD TRANSPORT
dc.subjectTRAVEL TIME
dc.subjectADVERSE EFFECTS
dc.subjectINEQUALITY
dc.titleGeorgia Economic Impact of East-West Highway Phase 2
dc.titleAssessing the Impact of East-West Highway Investments on Exports through Gravity Modeling
dc.typeReport
dc.typeRapport
dc.typeInforme

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