Chinese transport infrastructure boosts regional economic growth through spatial spillover effects.
The study looked at how transport infrastructure in China affects regional economic growth from 2003 to 2017. They found that transport infrastructure, along with human capital, government spending, and trade openness, plays a key role in boosting economic development. The study showed that transport infrastructure has a direct positive impact on economic growth, and not considering its spillover effects can lead to overestimating its benefits.