Assessing the Impact of Infrastructure Investments Using Customs Data: The Case of the Greater Mekong Subregion Corridor and the People’s Republic of China

Road construction helped to reduce trade costs significantly from 2000 to 2011. The construction of the Kunming–Bangkok Expressway, in particular, led to local economic growth and higher regional specialization in accordance with comparative advantage, facilitating market integration across borders in the Greater Mekong Subregion.