In the Pearl River Delta (PRD), there is severe competition between container ports, particularly those in Hong Kong, Shenzhen, and Guangzhou, for collecting international maritime container cargo. In addition, the se...In the Pearl River Delta (PRD), there is severe competition between container ports, particularly those in Hong Kong, Shenzhen, and Guangzhou, for collecting international maritime container cargo. In addition, the second phase of the Nansha terminal in Guangzhou’s port and the first phase of the Da Chang Bay container terminal in Shenzhen opened last year. Under these circumstances, there is an increasing need to quantitatively measure the impact these infrastructure investments have on regional cargo flows. The analysis should include the effects of container terminal construction, berth deepening, and access road construction. The authors have been developing a model for international cargo simulation (MICS) which can simulate the movement of cargo. The volume of origin-destination (OD) container cargo in the East Asian region was used as an input, in order to evaluate the effects of international freight transportation policies. This paper focuses on the PRD area and, by incorporating a more detailed network, evaluates the impact of several infrastructure investment projects on freight movement.展开更多
This paper provides evidence for the relationship between various forms of real options in infrastructure projects and the types and levels of government supports to the infrastructure investments. It analyzes the com...This paper provides evidence for the relationship between various forms of real options in infrastructure projects and the types and levels of government supports to the infrastructure investments. It analyzes the common real options and real options-based strategic investments and aligns them with the common types of public-private partnership （PPP） infrastructure projects. It then develops models to show that the real options incorporated into the different types of PPP infrastructure projects affect the level of direct government cash supports to the projects and hence the viabilities of such projects. The paper however shows that the relationship between the embedded real options and viabilities of infrastructure projects can be influenced by such factors as contract period and percentage of private sector contributions to the projects.展开更多
The rapid growth of infrastructure investment is a salient feature of China’s economy since the reform and opening-up in 1978,contributing to not only the aggregate demand but also the structural change and productiv...The rapid growth of infrastructure investment is a salient feature of China’s economy since the reform and opening-up in 1978,contributing to not only the aggregate demand but also the structural change and productivity growth on the supply-side.This paper builds a multi-sector general equilibrium model to show how infrastructure investment influences structural change through price,investment and income effects,and influences productivity growth through the intensive and extensive marginal effects.By quantifying the model with China’s economy for the period 1981-2017,the paper finds that the infrastructure investment restrained the rise of services,but boosted productivity growth over the period.The policy implication is that China should ramp up infrastructure investment to increase productivity as it pursues high-quality development,but give priority to new infrastructure and public-interest infrastructure to promote industrial structural upgrade.展开更多
This study examines the influence of land suitability and investment in facilities on tourism potential,with a particular focus on the mediating role of community engagement.While previous research has explored the im...This study examines the influence of land suitability and investment in facilities on tourism potential,with a particular focus on the mediating role of community engagement.While previous research has explored the impact of environmental and infrastructural factors on tourism development,few studies have examined the interactive effects of community engagement in maximizing these benefits.This study aims to fill this gap by providing empirical evidence from Huangma Village,Jiangxi Province,China.A quantitative research design was adopted,using Partial Least Squares-Structural Equation Modeling(PLS-SEM)in SmartPLS to test the hypothesized relationships.Data were collected from 231 respondents,including local residents,tourism business owners,government officials,and infrastructure developers,through a structured survey questionnaire.The results confirm that land suitability and infrastructure investment significantly enhance tourism potential,with community engagement playing a crucial mediating role.The findings suggest that tourism success depends not only on physical and economic factors but also on active local participation in tourism-related initiatives.This study contributes to the literature by integrating environmental,infrastructural,and social dimensions of tourism development.The findings offer practical insights for policymakers and tourism planners,emphasizing the need for sustainable land management,strategic infrastructure investment,and participatory tourism governance to maximize tourism potential.展开更多
Recently,EY released its report Navigating the Belt and Road:Financial sector paves the way for infrastructure,which raises the fact that with the roll-out of the 'One Belt,One Road' initiative and the impleme...Recently,EY released its report Navigating the Belt and Road:Financial sector paves the way for infrastructure,which raises the fact that with the roll-out of the 'One Belt,One Road' initiative and the implementation of a series of reform measures,Chinese enterprises’outbound investments,led by infrastructure construction,continued its展开更多
Henan Province has been working hard to improve its investment environment and build up its infrastructure ever since the start of China’s opening to the outside world. So far, the province has achieved great progres...Henan Province has been working hard to improve its investment environment and build up its infrastructure ever since the start of China’s opening to the outside world. So far, the province has achieved great progress. Its annual output of raw coal is 90 million tons, ranking second in the country; it has an installed capacity of 7.6 million KWs, generating 43 billion KWhs of electricity per year.展开更多
No Projects Coopera- Total Invest- Investment Chinese Partners tion Mode ment Predicted Proportion KF3-01 Sewage Treatment Plant J.V. US$30 million Chinese 30% Beijing Economic with land as & Technological investm...No Projects Coopera- Total Invest- Investment Chinese Partners tion Mode ment Predicted Proportion KF3-01 Sewage Treatment Plant J.V. US$30 million Chinese 30% Beijing Economic with land as & Technological investment, 70% Development Zone for foreign partner SZ3-02 Beijing freight transport J.V. US$85 million Through Beijing Traffic Bureau hub of southwest highway negotiation SZ3-03 Beijing southeast international J.V. US$40 million 50% for each ditto container展开更多
According to the different players, development cooperation is often divided into North-South Aid and South-South Cooperation, both of which have a history of several decades. Since the beginning of the 21st century, ...According to the different players, development cooperation is often divided into North-South Aid and South-South Cooperation, both of which have a history of several decades. Since the beginning of the 21st century, the rise of a number of emerging economies has brought South-South Cooperation into a new stage, which can be seen from the establishment of some new development finance institutions led by developing countries. BRICS Bank, Asia Infrastructure Investment Bank(AIIB) and Silk Road Fund are three important new development finance institutions. Compared with the traditional development finance institutions like World Bank and International Monetary Fund(IMF), they have their own concepts of development cooperation, which are different from the traditional ones. First, the new finance institutions pay more attention to the equality between partners, not imposing conditions and respecting the ownership of development partners. Second, the new development finance institutions value the market philosophy, which means that they emphasize the importance of field investigation and implement development cooperation in accordance with the actual needs of the partners and the comparative advantages of the providers. Finally, the new development finance institutions focus their resources on problem-solving and avoid doctrines-imposing. They believe that it is easier for the developing countries to achieve development through a gradual and bottom-up model. Although there are differences between the traditional and new development finance institutions, the latter is not parallel to or substitute of the former.They can cooperate with each other and provide better public goods for international cooperation through inclusive competition.展开更多
文摘In the Pearl River Delta (PRD), there is severe competition between container ports, particularly those in Hong Kong, Shenzhen, and Guangzhou, for collecting international maritime container cargo. In addition, the second phase of the Nansha terminal in Guangzhou’s port and the first phase of the Da Chang Bay container terminal in Shenzhen opened last year. Under these circumstances, there is an increasing need to quantitatively measure the impact these infrastructure investments have on regional cargo flows. The analysis should include the effects of container terminal construction, berth deepening, and access road construction. The authors have been developing a model for international cargo simulation (MICS) which can simulate the movement of cargo. The volume of origin-destination (OD) container cargo in the East Asian region was used as an input, in order to evaluate the effects of international freight transportation policies. This paper focuses on the PRD area and, by incorporating a more detailed network, evaluates the impact of several infrastructure investment projects on freight movement.
文摘This paper provides evidence for the relationship between various forms of real options in infrastructure projects and the types and levels of government supports to the infrastructure investments. It analyzes the common real options and real options-based strategic investments and aligns them with the common types of public-private partnership （PPP） infrastructure projects. It then develops models to show that the real options incorporated into the different types of PPP infrastructure projects affect the level of direct government cash supports to the projects and hence the viabilities of such projects. The paper however shows that the relationship between the embedded real options and viabilities of infrastructure projects can be influenced by such factors as contract period and percentage of private sector contributions to the projects.
基金supported by the National Natural Science Foundation of China(NSFC)General Program(Grant No.71973156)the Natural Science Foundation of Guangdong Province General Program(Grant No.2019A1515011287)。
文摘The rapid growth of infrastructure investment is a salient feature of China’s economy since the reform and opening-up in 1978,contributing to not only the aggregate demand but also the structural change and productivity growth on the supply-side.This paper builds a multi-sector general equilibrium model to show how infrastructure investment influences structural change through price,investment and income effects,and influences productivity growth through the intensive and extensive marginal effects.By quantifying the model with China’s economy for the period 1981-2017,the paper finds that the infrastructure investment restrained the rise of services,but boosted productivity growth over the period.The policy implication is that China should ramp up infrastructure investment to increase productivity as it pursues high-quality development,but give priority to new infrastructure and public-interest infrastructure to promote industrial structural upgrade.
文摘This study examines the influence of land suitability and investment in facilities on tourism potential,with a particular focus on the mediating role of community engagement.While previous research has explored the impact of environmental and infrastructural factors on tourism development,few studies have examined the interactive effects of community engagement in maximizing these benefits.This study aims to fill this gap by providing empirical evidence from Huangma Village,Jiangxi Province,China.A quantitative research design was adopted,using Partial Least Squares-Structural Equation Modeling(PLS-SEM)in SmartPLS to test the hypothesized relationships.Data were collected from 231 respondents,including local residents,tourism business owners,government officials,and infrastructure developers,through a structured survey questionnaire.The results confirm that land suitability and infrastructure investment significantly enhance tourism potential,with community engagement playing a crucial mediating role.The findings suggest that tourism success depends not only on physical and economic factors but also on active local participation in tourism-related initiatives.This study contributes to the literature by integrating environmental,infrastructural,and social dimensions of tourism development.The findings offer practical insights for policymakers and tourism planners,emphasizing the need for sustainable land management,strategic infrastructure investment,and participatory tourism governance to maximize tourism potential.
文摘Recently,EY released its report Navigating the Belt and Road:Financial sector paves the way for infrastructure,which raises the fact that with the roll-out of the 'One Belt,One Road' initiative and the implementation of a series of reform measures,Chinese enterprises’outbound investments,led by infrastructure construction,continued its
文摘Henan Province has been working hard to improve its investment environment and build up its infrastructure ever since the start of China’s opening to the outside world. So far, the province has achieved great progress. Its annual output of raw coal is 90 million tons, ranking second in the country; it has an installed capacity of 7.6 million KWs, generating 43 billion KWhs of electricity per year.
文摘No Projects Coopera- Total Invest- Investment Chinese Partners tion Mode ment Predicted Proportion KF3-01 Sewage Treatment Plant J.V. US$30 million Chinese 30% Beijing Economic with land as & Technological investment, 70% Development Zone for foreign partner SZ3-02 Beijing freight transport J.V. US$85 million Through Beijing Traffic Bureau hub of southwest highway negotiation SZ3-03 Beijing southeast international J.V. US$40 million 50% for each ditto container
文摘According to the different players, development cooperation is often divided into North-South Aid and South-South Cooperation, both of which have a history of several decades. Since the beginning of the 21st century, the rise of a number of emerging economies has brought South-South Cooperation into a new stage, which can be seen from the establishment of some new development finance institutions led by developing countries. BRICS Bank, Asia Infrastructure Investment Bank(AIIB) and Silk Road Fund are three important new development finance institutions. Compared with the traditional development finance institutions like World Bank and International Monetary Fund(IMF), they have their own concepts of development cooperation, which are different from the traditional ones. First, the new finance institutions pay more attention to the equality between partners, not imposing conditions and respecting the ownership of development partners. Second, the new development finance institutions value the market philosophy, which means that they emphasize the importance of field investigation and implement development cooperation in accordance with the actual needs of the partners and the comparative advantages of the providers. Finally, the new development finance institutions focus their resources on problem-solving and avoid doctrines-imposing. They believe that it is easier for the developing countries to achieve development through a gradual and bottom-up model. Although there are differences between the traditional and new development finance institutions, the latter is not parallel to or substitute of the former.They can cooperate with each other and provide better public goods for international cooperation through inclusive competition.
