Comparing the performance of models for wider economic benefits of transport infrastructure: results of a Dutch case study
AbstractA case is set up concerning a fictitious Dutch high-speed railway project involving passenger transport. Direct welfare effects are calculated using a standard transport model. On the basis of the case description and the direct effects, five models calculate total welfare effects and wider (indirect) economic benefits. The results of these models are compared. In very broad terms, differences in results can be explained, but on a more detailed level, differences remain that are hard to explain. We also find that large differences in results are caused by differences in the way direct welfare effects are calculated, instead of by differences in wider economic benefits. This suggests that it pays a lot more to focus on understanding and improving direct effect calculations than to try and perfectly quantify wider economic benefits. Copyright The Author(s) 2012
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Springer in its journal Transportation.
Volume (Year): 39 (2012)
Issue (Month): 6 (November)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=103007
Cost benefit analysis; Wider economic benefits; Indirect economic effects; Model performance comparison;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dixit, Avinash K & Stiglitz, Joseph E, 1975.
"Monopolistic Competition and Optimum Product Diversity,"
The Warwick Economics Research Paper Series (TWERPS)
64, University of Warwick, Department of Economics.
- Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
- Wei Fan & Frederick Treyz & George Treyz, 2000. "An Evolutionary New Economic Geography Model," Journal of Regional Science, Wiley Blackwell, vol. 40(4), pages 671-695.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.