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dc.contributor.authorDas, Abhiman
dc.contributor.authorGhani, Ejaz
dc.contributor.authorGrover, Arti
dc.contributor.authorKerr, William
dc.contributor.authorNanda, Ramana
dc.date.accessioned2023-12-05T10:44:51Z
dc.date.available2023-12-05T10:44:51Z
dc.date.issued2023-09-09
dc.identifier.issn10959068
dc.identifier.urihttp://hdl.handle.net/11718/26980
dc.description.abstractWe use data from Reserve Bank of India to study the impact of India’s Golden Quadrilateral (GQ) highway project on finance-dependent activity. Loan volumes increase by 20%–30% in districts along GQ and are stronger in industries more dependent upon external finance. Loan growth begins with increases in average branch size and in places with more pre-GQ loan activity. New branch openings come later, consistent with short-run adjustment costs to expanding branch networks. These patterns are not evident in placebo tests using delayed investments in NS-EW highways. Results suggest the depth of initial financial infrastructure shapes how infrastructure investments impact localities.en_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of Urban Economicsen_US
dc.subjectInfrastructureen_US
dc.subjectHighwaysen_US
dc.subjectBankingen_US
dc.subjectFinanceen_US
dc.subjectDevelopmenten_US
dc.subjectIndiaen_US
dc.titleJUE insight: Infrastructure and Finance: Evidence from India’s GQ highway networken_US
dc.typeArticleen_US


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