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A review of issues in transit economics

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  • Gwilliam, Ken
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    Abstract

    This paper reviews the development of thought on the major issues in transit economics over the last 50 years, in developed and developing countries. Some issues - the analysis of cost and demand parameters - are perennial, with development mostly in the mathematical sophistication of analytical techniques employed, while others - such as issues of ownership and competitive form - reflect wider trends in economic thinking. Some issues - such as the relationship between transit and development - are universal, while others - such as the role of small vehicles and the informal sector - impact mostly on developing countries. One conclusion stands out. Transit is critical to the achievement of a wide range of social, economic and environmental objectives and, therefore, needs appropriate institutions to ensure its integration with the strategic management of the rest of urban development policy.

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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: 4-22

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    Handle: RePEc:eee:retrec:v:23:y:2008:i:1:p:4-22

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    Related research

    Keywords: Transit Public transport Policy objectives Costs Demand Regulatory reform;

    References

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    Cited by:
    1. Angelo Antoci & Marcello Galeotti & Davide Radi, 2011. "Financial tools for the abatement of traffic congestion: a dynamical analysis," Working Papers - Mathematical Economics 2011-01, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    2. Hansson, Lisa, 2010. "Solving procurement problems in public transport: Examining multi-principal roles in relation to effective control mechanisms," Research in Transportation Economics, Elsevier, vol. 29(1), pages 124-132.
    3. Marcelo Maciel & Luiz Rosa & Fernando Correa & Ursula Maruyama, 2012. "Energy, Pollutant Emissions and Other Negative Externality Savings from Curbing Individual Motorized Transportation (IMT): A Low Cost, Low Technology Scenario Analysis in Brazilian Urban Areas," Energies, MDPI, Open Access Journal, vol. 5(3), pages 835-861, March.
    4. Páez, Antonio & Trépanier, Martin & Morency, Catherine, 2012. "Modeling isoexposure to transit users for market potential analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(10), pages 1517-1527.

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