Cost Structure and Efficiency of Korea’s Road and Rail in the Manufacturing IndustriesSource: Journal of Infrastructure Systems:;2011:;Volume ( 017 ):;issue: 003Author:Seungki Min
DOI: 10.1061/(ASCE)IS.1943-555X.0000055Publisher: American Society of Civil Engineers
Abstract: This paper analyzes the contribution of public infrastructure to private sector. It takes the example of road and rail and investigates their impact on South Korean manufacturing industries. To assess the cost structure and efficiency of investments in infrastructure, economies of scale, effects of infrastructure on variable cost and output, investment condition for infrastructure, and substitution and price elasticities are calculated. The divergence of infrastructure stocks from their static equilibrium levels influences production efficiency. Overall, investments in road and rail have positive effects on the manufacturing industries in Korea. This study expands the scope of existing studies by decomposing the internal rate of return (IRR) and the present value of benefit (
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| contributor author | Seungki Min | |
| date accessioned | 2017-05-08T21:53:40Z | |
| date available | 2017-05-08T21:53:40Z | |
| date copyright | September 2011 | |
| date issued | 2011 | |
| identifier other | %28asce%29is%2E1943-555x%2E0000084.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/65639 | |
| description abstract | This paper analyzes the contribution of public infrastructure to private sector. It takes the example of road and rail and investigates their impact on South Korean manufacturing industries. To assess the cost structure and efficiency of investments in infrastructure, economies of scale, effects of infrastructure on variable cost and output, investment condition for infrastructure, and substitution and price elasticities are calculated. The divergence of infrastructure stocks from their static equilibrium levels influences production efficiency. Overall, investments in road and rail have positive effects on the manufacturing industries in Korea. This study expands the scope of existing studies by decomposing the internal rate of return (IRR) and the present value of benefit ( | |
| publisher | American Society of Civil Engineers | |
| title | Cost Structure and Efficiency of Korea’s Road and Rail in the Manufacturing Industries | |
| type | Journal Paper | |
| journal volume | 17 | |
| journal issue | 3 | |
| journal title | Journal of Infrastructure Systems | |
| identifier doi | 10.1061/(ASCE)IS.1943-555X.0000055 | |
| tree | Journal of Infrastructure Systems:;2011:;Volume ( 017 ):;issue: 003 | |
| contenttype | Fulltext |