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Agglomeration, Productivity and Transport Investment

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  • Daniel J. Graham
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    Abstract

    This paper is concerned with the links between agglomeration, productivity, and transport investment. It develops an econometric model to investigate the relationship between the density of economic activity and productivity for different sectors of the UK economy. The motivation for exploring this theme is to test whether there might be any external agglomeration benefits that arise from the provision of transport infrastructure but that are not included in standard transport appraisals. The results show that there are positive externalities from increasing urban densities and that these can be substantial, particularly for service industries. © 2007 LSE and the University of Bath

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    Bibliographic Info

    Article provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.

    Volume (Year): 41 (2007)
    Issue (Month): 3 (September)
    Pages: 317-343

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    Handle: RePEc:tpe:jtecpo:v:41:y:2007:i:3:p:317-343

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    Web page: http://www.bath.ac.uk/e-journals/jtep

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    Cited by:
    1. Holl , Adelheid, 2013. "Firm location and productivity in Spain," Investigaciones Regionales, Asociación Española de Ciencia Regional, issue 25, pages 27-42.
    2. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
    3. Truong, Truong P. & Hensher, David A., 2012. "Linking discrete choice to continuous demand within the framework of a computable general equilibrium model," Transportation Research Part B: Methodological, Elsevier, vol. 46(9), pages 1177-1201.
    4. David Levinson, 2011. "Network Structure and City Size," Working Papers 000094, University of Minnesota: Nexus Research Group.
    5. Yoshitsugu Kanemoto, 2012. "Second-Best Cost-Benefit Analysis in Monopolistic Competition Models of Urban Agglomeration," GRIPS Discussion Papers 11-21, National Graduate Institute for Policy Studies.
    6. Grimaldi, Raffaele & Beria, Paolo, 2013. "Open issues in the practice of cost benefit analysis of transport projects," MPRA Paper 53766, University Library of Munich, Germany.
    7. Jie Zhu & Ying Jin & Marcial Echenique, 2012. "Application of a new spatial computable general equilibrium model for assessing strategic transport and land use development options in London and surrounding regions," ERSA conference papers ersa12p931, European Regional Science Association.
    8. Melo, Patricia C. & Graham, Daniel J. & Brage-Ardao, Ruben, 2013. "The productivity of transport infrastructure investment: A meta-analysis of empirical evidence," Regional Science and Urban Economics, Elsevier, vol. 43(5), pages 695-706.
    9. Vickerman, Roger, 2008. "Transit investment and economic development," Research in Transportation Economics, Elsevier, vol. 23(1), pages 107-115, January.
    10. Meunier, David & Quinet, Emile, 2010. "Tips and Pitfalls in PPP design," Research in Transportation Economics, Elsevier, vol. 30(1), pages 126-138.
    11. Marion Drut & Aurélie MAHIEUX, 2014. "Correcting agglomeration economies: How air pollution matters," Working Papers hal-01007019, HAL.
    12. Gjestland, Arnstein & McArthur, David Philip & Osland, Liv & Thorsen, Inge, 2014. "The suitability of hedonic models for cost-benefit analysis: Evidence from commuting flows," Transportation Research Part A: Policy and Practice, Elsevier, vol. 61(C), pages 136-151.
    13. Kanemoto, Yoshitsugu, 2013. "Evaluating benefits of transportation in models of new economic geography," Economics of Transportation, Elsevier, vol. 2(2), pages 53-62.
    14. Meunier, David & Quinet, Emile, 2012. "Applications of transport economics and imperfect competition," Research in Transportation Economics, Elsevier, vol. 36(1), pages 19-29.
    15. Weisbrod, Glen & Lynch, Teresa & Meyer, Michael, 2009. "Extending monetary values to broader performance and impact measures: Transportation applications and lessons for other fields," Evaluation and Program Planning, Elsevier, vol. 32(4), pages 332-341, November.
    16. Vickerman, Roger, 2008. "Provision of public transport under conflicting regulatory regimes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(9), pages 1176-1182, November.
    17. Rosa M. González-Marrero & Rosa M. Lorenzo-Alegría & Gustavo A. Marrero, 2011. "Los Efectos Territoriales de las Infraestructuras: La inversión en redes de alta velocidad ferroviaria," Economic Reports 05-2011, FEDEA.
    18. Yoshitsugu Kanemoto, 2012. "Cost-Benefit Analysis in Monopolistic Competition Models of Urban Agglomeration," GRIPS Discussion Papers 12-04, National Graduate Institute for Policy Studies.
    19. Edward L. Glaeser, 2012. "Urban Public Finance," NBER Working Papers 18244, National Bureau of Economic Research, Inc.

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