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Seminar (Dept. of Trade Economics)

Copyfrom:Dept. of Trade Economics Time:2021-06-09

Theme:The Great Diversion of Water: A Quantitative Evaluation of the Water Diversion Mega Project

Speaker:Yi Lu (Tsinghua University)

Time:2021-06-09 16:00

Address:Tencent Meeting

Language:Chinese/English

 

Venue: Tencent Meeting https://meeting.tencent.com/s/XfMbS1CEBkIP 

ID:201 397 453


Abstract:

A key input to quantitative evaluations of transport infrastructure projects is their impact on transport costs. This paper proposes a new method of estimating this im- pact relying on widely accessible customs data: by using the route choice of exporters. We combine our method with a spatial equilibrium model to study the aggregate ef- fects of the massive expressway construction in China between 1999 and 2010. We find that the construction brings 5.1% welfare gains, implying a net return to investment of 150%. Our analysis also produces some intermediate output of independent interest, for example, a time-varying IV for city-sector export.

 

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