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008 170221t2018 spa||||oo||d||||||||eng|u
040 _aES-MaIEF
_bspa
_cES-MaIEF
041 _aeng
100 1 _966849
_aAsturias, José
245 0 _aCompetition and the welfare gains from transportation infrastructure
_b : evidence from Golden Quadrilateral of India
_c Jose Asturias, Manuel García - Santana, Roberto Ramos
260 _aMadrid
_bBanco de España
_c2018
300 _a73 p.
_b : gráf.
_c ; 30 cm.
490 _aBanco de España. Documentos de trabajo ; 1816
500 _aDisponible en formato PDF en el repositorio de la Biblioteca del IEF con el nombre: OL 332.
500 _aResumen.
504 _aBibliografía.
520 _aA significant amount of resources is spent every year on the improvement of transportation infrastructure in developing countries. In this paper, we investigate the effects of one such large project, the Golden Quadrilateral in India. We do so using a model of internal trade with variable markups. In contrast to the previous literature, our model incorporates several channels through which transportation infrastructure affects welfare. In particular, the model accounts for gains stemming from improvements in the allocative effi ciency of the economy. We calibrate the model to the Indian manufacturing sector and fi nd real income gains of 2.7%. We also fi nd that allocative effi ciency accounts for 7.4% of these gains. The importance of allocative effi ciency varies greatly across states, and can account for up to 18% of the overall gains in some states. The remaining welfare gains are accounted for by changes in labor income, productive effi ciency, and average markups that affect states’ terms of trade.
650 4 _aINFRAESTRUCTURAS
_947388
650 4 _aTRANSPORTES
_948594
650 4 _aCOMERCIO INTERIOR
_938054
650 4 _aBIENESTAR SOCIAL
_933421
650 4 _aINDIA
_945694
700 1 _966850
_aGarcía Santana, Manuel
700 1 _966851
_aRamos, Roberto
856 _uhttps://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/18/Files/dt1816e.pdf
942 _cRE
999 _c139621
_d139621