Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theor...Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theories on infrastructure development.This paper found that the transformation of China's land system is an important clue:China's extraordinary infrastructure development is a result that can be explained with the transformation of its land system. Theoretically, this paper proves that with other conditions held constant, the difference of land systems has a significant effect on the optimal infrastructure supply of regions. Empirically, it can be found through the test of cross-country panel data that the transformation of China's land system around the 1990 s indeed exerted an overall impact on China's extraordinary infrastructure development. This paper implies that China's "land-supported infrastructure development" model has been pivotal to its extraordinary infrastructure development. Under the Belt and Road Initiative,China's experience of land-supported infrastructure development is of broad significance for developing countries to boost their infrastructure development.展开更多
This study's primary purpose was to explore the role of tourism development in enhancing well-being in a highly populated developing economy by focusing on the case study of Pakistan Several econometric techniques...This study's primary purpose was to explore the role of tourism development in enhancing well-being in a highly populated developing economy by focusing on the case study of Pakistan Several econometric techniques and approaches were used on annual time series data covering the 1990-2016 period to investigate the causal relationship of well-being with tourism development,political stability,economics,and population growth.The findings suggested that tourism development enhances economic growth and well-being,hence providing support for the tourism-led growth hypothesis However,population growth and political instability exhibited a negative relationship with well-being;in addition,the level of political stability determined tourism activities.Hence,this study is unique due to its specific focus on the role of political stability and tourism development in the enhancement of wellbeing in a highly populated developing economy Moreover,the practical implications of the study have been provided in light of the main findings.展开更多
文摘Over the past two decades, China's infrastructure development has been extraordinary in the sense that it far exceeds GDP growth rate and unconventional in the sense that it cannot be explained with existing theories on infrastructure development.This paper found that the transformation of China's land system is an important clue:China's extraordinary infrastructure development is a result that can be explained with the transformation of its land system. Theoretically, this paper proves that with other conditions held constant, the difference of land systems has a significant effect on the optimal infrastructure supply of regions. Empirically, it can be found through the test of cross-country panel data that the transformation of China's land system around the 1990 s indeed exerted an overall impact on China's extraordinary infrastructure development. This paper implies that China's "land-supported infrastructure development" model has been pivotal to its extraordinary infrastructure development. Under the Belt and Road Initiative,China's experience of land-supported infrastructure development is of broad significance for developing countries to boost their infrastructure development.
文摘This study's primary purpose was to explore the role of tourism development in enhancing well-being in a highly populated developing economy by focusing on the case study of Pakistan Several econometric techniques and approaches were used on annual time series data covering the 1990-2016 period to investigate the causal relationship of well-being with tourism development,political stability,economics,and population growth.The findings suggested that tourism development enhances economic growth and well-being,hence providing support for the tourism-led growth hypothesis However,population growth and political instability exhibited a negative relationship with well-being;in addition,the level of political stability determined tourism activities.Hence,this study is unique due to its specific focus on the role of political stability and tourism development in the enhancement of wellbeing in a highly populated developing economy Moreover,the practical implications of the study have been provided in light of the main findings.
