Institutional factors in the development of the transportation industry

Author: Wei Jigang
Publisher:
Publish Date: 2003-05-01
Features: The study of the economics of network-based basic industries is an important component and academic frontier of industrial economics theory, and also holds significant practical implications for advancing reforms in these natural monopoly sectors. The "Economics of Network-Based Basic Industries" series organized by the School of Economics and Management at Northern Jiaotong University is timely and innovative, representing the national-level key discipline level of the university in this field. "The 'Economics of Network-Based Basic Industries' series compiled by the Industrial Economics Discipline of Northern Jiaotong University is an excellent idea. The study of the economics of network-based basic industries holds great theoretical significance, and the reform of the real economy urgently requires foundational research in this field." "Network-based basic industries is a relatively new concept but encapsulates the core and essence of these industries. This book provides an analysis and research findings on the foundational aspects of related industries. The future development models and direction choices of China's basic industries require more foundational research like this as decision-making support." The goal of this book is to build a new theoretical analytical framework on the basis of the extensive pioneering work already done. This framework not only includes the creative contributions of previous researchers but also offers stronger explanatory power, capable of more comprehensively explaining the general and specific aspects of transportation industry development. This book aims to demonstrate that a model that treats technological and institutional change as endogenous variables and responds to economic forces can be helpful in analyzing transportation development. Another important objective of this book is to tentatively use the newly developed theoretical analytical framework to provide a more logical explanation of the development history of modern transportation in China, the development of contemporary transportation, and the recent transportation structure changes in China. In the past century, China has experienced a period of intense transportation transformation, moving from traditional transportation to modern transportation. Studying the technological and institutional changes during this period will not only benefit the future development of China's transportation industry but also contribute to economic theory. It is hoped that this book will provide some reference value for future transportation development policies.