Urban Infrastructure and Economic Development in China (Public Economy and Urban Governance in China)

✍ Scribed by Chunyang Pan

• Publisher: Springer
• Year: 2024
• Tongue: English
• Leaves: 174
• Category: Library

✦ Synopsis

This book provides an overview of the history, basic concepts, and provision models of infrastructure, significant theories on infrastructure economics, practices at home and abroad that reflect the economic development effects of infrastructure, and four infrastructure economic growth models. Great attention is placed on the domestic front. This book describes and discusses in detail the historical background, development trends, achievements, and challenges of China’s infrastructure from 1949 to 2019, under the classic “supply and demand” analysis framework. From the four perspectives of market integration, open development, people’s livelihood, and endogenous growth, this book carries out an empirical study on how to quantify and make causal inferences about the economic development effects of infrastructure. Based on the conclusion that national governance is of important help to infrastructure provision, this book interprets China’s governance system and its impact on infrastructure provision from the angle of decentralization and offers suggestions on policy optimizing.

✦ Table of Contents

Foreword
Where Is Development Economics Heading?
About “Development Economics”
About This Book
Reference
Foreword by Baijun Wu
Series Editor’s Preface
Acknowledgements
Contents
1 Introduction
1.1 Motivation and Significance of Research
1.1.1 Role of Infrastructure Development in China’s Phenomenal Growth
1.1.2 The Middle Income Trap After a Growth Miracle
1.1.3 Significance of Research
1.2 Framework and Method of Research
1.2.1 Framework of Research
1.2.2 Research Method
1.3 Research Content and Key Tasks
1.3.1 Research Content
1.3.2 Key Tasks of Research
References
2 A Brief History and Basic Concepts of Infrastructure
2.1 A Brief History of Infrastructure
2.1.1 Infrastructure During the First Industrial Revolution
2.1.2 Infrastructure Development Since World War II
2.1.3 Historical Significance of Infrastructure Development
2.2 Concept, Types, and Nature of Infrastructure
2.2.1 Concept and Types of Infrastructure
2.2.2 Economic Attributes of Infrastructure
2.3 Misunderstandings Concerning Government Provision of Infrastructure
2.3.1 Misunderstanding 1: Government Provision = Free Provision
2.3.2 Misunderstanding 2: Government Provision = Government Production
2.3.3 Misunderstanding 3: Government Provision = Sole Source
2.3.4 Misunderstanding 4: Government Provision = Universal Satisfaction
2.3.5 Misunderstanding 5: Government Provision = Willingness to Provide
2.4 Innovations in Infrastructure Provision Models
References
3 Origin and Development of Infrastructure Economics
3.1 Previous Studies on Infrastructure Economics
3.1.1 Adam Smith’s Theory of State Functions
3.1.2 Friedrich List’s “Standard Model”
3.1.3 Karl H. Marx’s “General Conditions of Production”
3.1.4 John Keynes’ “Aggregate Demand Management”
3.1.5 Development Economics Concerning Infrastructure
3.1.6 The Public Goods Theory
3.1.7 Robert W. Fogel’s “Counterfactual Analysis”
3.2 Economic Development Effects of Infrastructure in Developing Countries
3.2.1 Empirical Evidence from Asian, African, and Latin American Countries
3.2.2 Cross-Country Empirical Evidence
3.3 Effects of Infrastructure on China’s Economic Development
3.3.1 Economic Growth Effects of Infrastructure
3.3.2 Internal Mechanisms of the Economic Growth Effects of Infrastructure
3.3.3 Effects of Infrastructure on Poverty Reduction and Income Distribution
3.4 Reflections on the Economic Growth Effects of China’s Infrastructure
References
4 A Review on Economic Models of Infrastructure
4.1 Iceberg Cost Model
4.2 Endogenous Growth Model
4.2.1 Assumptions
4.2.2 Model Setup and Solution
4.3 Regional Competition Model
4.3.1 Assumptions
4.3.2 Model Setup and Solution
References
5 Achievements and Challenges of Infrastructure Development in China Over the Past 70 Years
5.1 China’s Infrastructure Development During Socialist Economic Reconstruction (1949–1978)
5.1.1 Reparation and Construction of Infrastructure During Economic Recovery (1949–1952)
5.1.2 Development of Infrastructure During Transition to Socialism (1953–1956)
5.1.3 Development of Infrastructure While Exploring the Path of Socialism (1957–1978)
5.2 Leapfrog Infrastructure Development During Reform and Opening-Up (1978–2019)
5.2.1 Infrastructure Development in the Early Years of Reform and Opening-Up (1978–1984)
5.2.2 Infrastructure Development While China Explored Socialist Market Economy (1985–1993)
5.2.3 Infrastructure Development During Market-Oriented Reform in Full Swing (1994–2012)
5.2.4 Infrastructure Development in the New Normal Stage of Economic Development (2013–2019)
References
6 Infrastructure and Market Integration: From the Perspective of Inter-connectivity by High-Speed Rails
6.1 Motivation
6.1.1 Market Fragmentation Undermining the Economy
6.1.2 Contributions of Railways to Market Integration
6.1.3 China’s Development of High-Speed Rails
6.1.4 Research Questions
6.2 Empirical Research Methodology
6.2.1 Theoretical Analysis and Model Setting
6.2.2 Variable Construction and Data Sources
6.3 Analysis of Estimation Results
6.3.1 Estimation of the Impact of HSR Connectivity on the Wage Gap Between Paired Cities
6.3.2 Geographical Distance and HSR Connectivity
6.4 Key Findings and Policy Implications
References
7 Infrastructure Development on Open Development: From the Perspective of Foreign Direct Investment
7.1 Motivation
7.1.1 Economic Transformation and the Exit of Foreign Capital
7.1.2 Research Questions
7.2 Empirical Research Methodology
7.2.1 Theoretical Analysis and Model Setting
7.2.2 Variable Construction and Data Sources
7.3 Analysis of Estimation Results
7.3.1 Impacts of Infrastructure on FDI Inflows: Evidence at the Provincial Level
7.3.2 Impacts of Infrastructure on FDI Inflows: Evidence at the City Level
7.4 Key Findings and Policy Implications
References
8 Infrastructure’s Influence on People’s Well-Being: Taking Access to Natural Gas as an Example
8.1 Motivation
8.1.1 Clean Fuel and People’s Well-Being
8.1.2 Research Questions
8.2 History of Natural Gas in China
8.3 Empirical Research Methodology
8.3.1 Equations to Estimate People’s Level of Happiness
8.3.2 Theoretical Analysis and Model Setting
8.4 Analysis of Estimation Results
8.4.1 Effect of Natural Gas Penetration on Happiness
8.4.2 Average Marginal Willingness to Pay
8.4.3 Interaction Between Industrial Emissions and Natural Gas Penetration
8.5 Key Findings and Policy Implications
References
9 Infrastructure and Economic Growth: From the Perspective of New Infrastructure
9.1 Motivation
9.1.1 Challenges Facing the Chinese Economy
9.1.2 Challenges Facing Development of New Infrastructure
9.1.3 Research Questions
9.2 Definition of New Infrastructure and Literature Review
9.2.1 Definition of New Infrastructure
9.2.2 Economic Attributes of New Infrastructure
9.3 Construction of NIDPs
9.4 Empirical Research Methodology
9.4.1 Theoretical Analysis and Model Setting
9.4.2 Variable Construction and Data Sources
9.5 Analysis of Estimation Results
9.5.1 Estimation Results of the Impact of New Infrastructure on Regional Economic Growth
9.5.2 Accounting of Regional Economic Growth
9.6 Key Findings and Policy Implications
References
10 Impacts of Governance on Infrastructure Provision and Institutional Innovations
10.1 Introduction
10.2 Governance and Corruption in the Infrastructure Sector
10.2.1 Basic Concepts and Significance of Governance
10.2.2 Historical Lessons: Corruption in the US Infrastructure Sector
10.2.3 Corrupted Infrastructure Sector in Developing Countries
10.3 Governance and Private Participation in Infrastructure Provision
10.3.1 Hypotheses
10.3.2 Empirical Research Methodology
10.3.3 Analysis of Estimation Results
10.4 State Governance, Decentralization, and Infrastructure Provision
10.4.1 State Governance and the Two “Centenary Goals”
10.4.2 Chinese Decentralization as a Form of State Governance
10.4.3 Impact of Chinese-Style Decentralization on Infrastructure Provision
10.5 Impact of Improved Governance on Infrastructure Provision
References