@article{ref1,
title="Can transportation infrastructure improve resource misallocation? Evidence from China",
journal="Heliyon",
year="2024",
author="Wang, Wei and Xie, Mufang",
volume="10",
number="12",
pages="e32724-e32724",
abstract="Transportation infrastructure plays a crucial role in the free movement and rational allocation of resources. Utilizing provincial panel data from China spanning from 2000 to 2017, we employ a dynamic spatial Durbin model (DSDM) and a panel threshold model to analyze the impact of transportation infrastructure on resource misallocation. The findings are as follows: (1) Overall, transportation infrastructure serves to correct misallocations of capital and labor, exhibiting spatial effects; (2) Under the influence of spatial spillover effects, transportation infrastructure improves capital misallocation in neighboring regions, yet exacerbates labor misallocation; (3) The impact of transportation infrastructure on capital and labor misallocations shows regional heterogeneity; (4) Transportation infrastructure indirectly ameliorates resource misallocation through three pathways: opening up to external markets, urbanization, and industrial upgrading; (5) There is a threshold effect of transportation infrastructure on labor misallocation - it only improves labor misallocation when it reaches a certain scale.<p /> <p>Language: en</p>",
language="en",
issn="2405-8440",
doi="10.1016/j.heliyon.2024.e32724",
url="http://dx.doi.org/10.1016/j.heliyon.2024.e32724"
}