18.05.2021 - 10:38

New Paper by Yuan Li, Martin Kleimann, Ling Fang, and Hans-Jörg Schmerer

The Implications of the New Silk Road Railways on Local Development. In: Journal of Asian Economics, Online, May 2021.

Recently, the paper The Implications of the New Silk Road Railway on Local Development, co-authored by Yuan Li, Professor of Shandong University and Vice President of the Institute of International Studies (and former Acting Professor of IN-EAST), Ling Fang, Research Associate of IN-EAST, together with Hans-Jörg Schmerer, Professor of Hagen University, and Martin Kleimann, Research Associate of Hagen University (formerly IN-EAST), was accepted by the internationally recognized Journal of Asian Economics (bimonthly, SSCI) and published in the May 11 issue.
The paper presents and examines the positive impact of the China-European train on the regional economies of European nodal cities from its inception to 2018. The paper finds that the CR express contributed to employment growth in all nodal cities, with more significant growth in the service sector, based on EU third level administrative division (NUTS3) data, using multi-period difference-in-difference and integrated control methods. The employment growth in neighbouring regions also shows the same trend, reflecting a positive spatial spill-over effect. At the same time, the development of CR express does not have a crowding-out effect on road traffic, but rather promotes the growth of road transport, which proves that the economic effect of CR express is incremental competition rather than stock competition. This paper expands the knowledge of existing literature on CR express and fills the gap of its impact on regional economy.
Journal of Asian Economics was founded by the American Council for Asian Economic Studies (ACAES) in 1990 and has an impact factor of 1.797 (from 2020 Journal Citation Reports) and a CiteScore of 2.3 (average number of citations for papers published in four consecutive years, from 2016–2014). (data from 2016–2019). The journal’s RePEc Simple Impact Factors (Last 10 Years) for Journals is 4.549, and it is also the top academic journal in Asian economics research. The journal focuses on the unique characteristics of Asian economies in terms of institutional features, development paths, policy experiences, or international interactions, and aims to raise the level of research on Asian economies and facilitate contacts between Asian economists and their global counterparts.

Link to the publisher’s website:
https://www.sciencedirect.com/science/article/abs/pii/S1049007821000555