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Transit investment and economic development

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  • Vickerman, Roger

Abstract

This paper describes the development of approaches to analysing the links between investment in transit and economic development. It indicates the need to bring together disparate approaches from urban economics and transportation economics to get a full understanding and uses recent results on agglomeration economies to present a more rigorous model of the wider economic benefits of transit investment. Although the evidence increasingly points towards identifiable benefits over and above those captured in conventional transport cost-benefit analysis, the chapter counsels against the assumption of simple rules.

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Bibliographic Info

Article provided by Elsevier in its journal Research in Transportation Economics.

Volume (Year): 23 (2008)
Issue (Month): 1 (January)
Pages: 107-115

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Handle: RePEc:eee:retrec:v:23:y:2008:i:1:p:107-115

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Related research

Keywords: Investment Urban land rents Economic development Wider economic benefits;

References

References listed on IDEAS
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Citations

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Cited by:
  1. Kanemoto, Yoshitsugu, 2013. "Second-best cost–benefit analysis in monopolistic competition models of urban agglomeration," Journal of Urban Economics, Elsevier, vol. 76(C), pages 83-92.
  2. Kanemoto, Yoshitsugu, 2013. "Evaluating benefits of transportation in models of new economic geography," Economics of Transportation, Elsevier, vol. 2(2), pages 53-62.
  3. Yoshitsugu Kanemoto, 2013. "Pitfalls in estimating “wider economic benefits” of transportation projects," GRIPS Discussion Papers 13-20, National Graduate Institute for Policy Studies.
  4. Yoshitsugu Kanemoto, 2012. "Cost-Benefit Analysis in Monopolistic Competition Models of Urban Agglomeration," GRIPS Discussion Papers 12-04, National Graduate Institute for Policy Studies.

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