Macroeconomic Effects of Road Corridor Investment in Kazakhstan: General Equilibrium Perspective
Abstract
Infrastructure development across Central Asia facilitates connectivity, competitiveness, productivity, and ultimately economic growth and regional integration. A sample development project is a large road corridor in Kazakhstan. This report shows the economic impact of such a project. The quantitative work follows a dynamic general equilibrium model covering both direct and indirect effects, including trade facilitation, transport cost reduction, and increased productivity. The cumulative indirect impacts benefit Kazakhstan and the many economies linked to it.
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Article first published online: January 1, 2010
Issue published: January 2010
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This article was published in Transportation Research Record: Journal of the Transportation Research Board.
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