Asia's Developing Future

It can be hard to measure the effects of infrastructure investment on an economy. Knowing whether an investment worked means somehow identifying the revenue it generated amidst the noise of an economy in full swing. An Asian Development Bank Institute study used tax revenue as a measure of growth, and found significant contributions generated by the construction and operation of the line and the eventual connection of Japan’s southern-most island to the larger network of high-speed trains known as shinkansen, linking Kyushu with Osaka and Hiroshima on Japan’s largest island of Honshu. Read the transcript http://bit.ly/2BiskIz Read the working paper https://www.adb.org/publications/impact-infrastructure-investment-tax-estimating-spillover-effects-kyushu-high-speed About the authors Naoyuki Yoshino is the dean of the Asian Development Bank Institute (ADBI) https://www.adb.org/adbi/about/dean Umid Abidhadjaev is a project consultant on infrastructure at ADBI Know more about ADBI’s work on spillover effects