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Transport Infrastructure Investment: A Comparative Analysis between China, Russia and India

China, Russia and India, three major members of BRICS, share a strong trade relationship in over a duration of time. These countries have shown remarkable growth in various sectors overtaking EU and North American countries. Infrastructure investment is a crucial factor to give a momentum to progress of any country. This study attempts to understand the long run and short run effect of total inland infrastructure investment on freight growth in the said countries. In this study, Autoregressive Distributed Lag [ARDL] bounds testing approach was used to examine the impact of total inland transport infrastructure investment on total inland freight transport in the emerging economies, viz. China, Russia and India. Results indicate that China has higher positive affect of inland infrastructure investment on freight growth rate in the short run while India has higher positive affect in long run. Russia, owing to lower population, trade and industrialization growth showed to have lower freight growth in both short run and long run.