Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53634
Authors: 
Zhai, Fan
Year of Publication: 
2010
Series/Report no.: 
ADBI working paper series 223
Abstract: 
Capitalizing on recent estimates of infrastructure financing requirements in Asia, this paper frames a scenario for infrastructure development in the region and estimates the external effects of infrastructure investment. It also assesses quantitatively the economy-wide welfare effects of developing regional infrastructure in Asia, using a global computable general equilibrium model. The results show that developing Asian economies would gain significantly from the expansion of regional infrastructure in transport and communication. With annual investment of around US$800 billion in transport, communication, and energy infrastructure during 2010-2020, developing Asia is likely to reap welfare gains of US$1,616.3 billion (in 2008 prices) in 2020, or 10% of projected aggregate gross domestic product.
JEL: 
C68
F15
Document Type: 
Working Paper

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