Using a newly-developed data set for Portugal, we analyze the industry-level effects of infrastructure investment. Focusing on the divide between traded and non-traded industries, we find that infrastructure investments have a non-traded bias, as these shift the industry mix towards private and public services. We also find that the industries that benefit the most in relative terms are all non-traded: construction, trade, and real estate, among the private services, and education and health, among the public services. Similarly, emerging trading sectors, such as hospitality and professional services, stand to gain. The positive impacts on traded industries are too small to make a difference. These results highlight that infrastructure-based strategies are not neutral in terms of the industry mix. Moreover, with most of the benefits accruing to non-traded industries, such a development model that is heavily based on domestic demand may be unsustainable in light of Portugal’s current foreign account position. 

The China-Pakistan Economic Corridor (CPEC) has been one of the most prominent components of the Belt and Road Initiative (BRI). Most of the discussion on CPEC has centered around the macroeconomic effects on the economy. However, research on the fine details of CPEC’s financing structure has not been conducted. This paper aims to fill the gap by providing a detailed description of the financing of CPEC and how the money maps on to different sectors of the Pakistani economy. We also discuss some macroeconomic concerns and ways to mitigate these risks.

The provision of infrastructure and related services in developing Asia via public–private partnership (PPP) increased rapidly during the late 1990s. Theoretical arguments support the potential economic benefits of PPPs, but empirical evidence is thin. This paper develops a framework identifying channels through which economic gains can be derived from PPP arrangement. The framework helps derive an empirically tractable specification that examines how PPPs affect the aggregate economy. Empirical results suggest that increasing the ratio of PPP investment to GDP improves access to and quality of infrastructure services, and economic growth will potentially be higher. But this optimism is conditional, especially on the region’s efforts to further upgrade its technical and institutional capacity to handle complex PPP contracts.

Major spices crops such as black pepper (Piper nigrum L.), cardamom (Elettaria cardamomum Maton.) and turmeric (Curcuma longa L.) production in India, is sustained losses due to several reasons. Among them, one of the major constraints are nematode infesting diseases, which causes significant yield losses and affecting their productivity. The major nematode pests infesting these crops include burrowing nematode Radopholus similis; root knot nematode, Meloidogyne incognita and M. javanica on black pepper. Whereas, lesion nematode, Pratylenchus sp., M. incognita and R. similis infesting cardamom and turmeric crops. Black pepper is susceptible to a number of diseases of which slow decline caused by R. similis and M. incognita or Phytophthora capsici either alone and in combination and root knot disease caused by Meloidogyne spp. are the major ones. Root knot disease caused by Meloidogyne spp. is major constraints in the successful cultivation and production in cardamom. Turmeric is susceptible to a number of diseases such as brown rot disease is caused by Fusarium sp. and lesion nematode, Pratylenchus sp. and root knot disease caused by M. incognita. Adoption of integrated pest management schedules is important in these crops since excessive use of pesticides could lead to pesticide residues in the produce affecting human health and also causing other ecological hazards.

By reviewing US state-level panel data on infrastructure spending and on per capita income inequality from 1950 to 2010, this paper sets out to test whether an empirical link exists between infrastructure and inequality. Panel regressions with fixed effects show that an increase in the growth rate of spending on highways and higher education in a given decade correlates negatively with Gini indices at the end of the decade, thus suggesting a causal effect from growth in infrastructure spending to a reduction in inequality through better access to education and opportunities for employment. More significantly, this relationship is more pronounced with inequality at the bottom 40 percent of the income distribution. In addition, infrastructure expenditures on highways are shown to be more effective at reducing inequality. By carrying out a counterfactual experiment, the results show that those US states with a significantly higher bottom Gini coefficient in 2010 had underinvested in infrastructure during the previous decade. From a policy-making perspective, new innovations in finance for infrastructure investments are developed, for the US, other industrially advanced countries and also for developing economies.