With the fast pace of urbanization process, countries have now come to realize that congestion delays may affect specific sectors and even the overall economy. In a research conducted by Clifford Winston at Brookings Institution and Quentin Karpilow from Yale University, the scholars explored how congestion affects the California economy accounting for the growth in employment, GDP, wages, and freight flows. Moreover, they shed lights on what China may learn from this U.S. example.
The Brookings-Tsinghua Center hosted a two-day conference on U.S.-China economic analyses of urban congestion: What both countries can learn from Each Other. The conference started from Monday, 17 October 2016 at Room 302, School of Public Policy and Management, Tsinghua University and lasted until Tuesday, 18 October 2016.