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In brief...Road to recovery? Economic benefits of new infrastructure

Author

Listed:
  • Stephen Gibbons
  • Teemu Lyytikäinen
  • Henry Overman
  • Rosa Sanchis-Guarner

Abstract

New investment in roads can produce economic benefits, even in mature infrastructure networks like the UK's, according to research by Henry Overman and colleagues. At the same time, they argue, improved evaluation of new UK road schemes is badly needed. New investment in transport infrastructure is seen as a key plank of a modern industrial strategy, and is central to many local economic growth strategies. This study looks at the impact of UK road investment on jobs.

Suggested Citation

  • Stephen Gibbons & Teemu Lyytikäinen & Henry Overman & Rosa Sanchis-Guarner, 2017. "In brief...Road to recovery? Economic benefits of new infrastructure," CentrePiece - The magazine for economic performance 510, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepcnp:510
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    File URL: https://cep.lse.ac.uk/pubs/download/cp510.pdf
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    More about this item

    Keywords

    productivity; employment; accessibility;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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