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Integral cost-benefit analysis of Maglev technology under market imperfections

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  • Elhorst, J. Paul
  • Oosterhaven, Jan
  • Romp, Ward E.

    (Groningen University)

Abstract

The aim of this article is to assess a proposed new mode of guided high speed ground transportation, the magnetic levitation rail system (Maglev), and to compare the results of a partial cost-benefit analysis with those of an integral CBA. We deal with an urbanconglomeration as well as a core-periphery Maglev project and also try to explain why the older German Maglev proposal to connect two large, but distant cities (Hamburg and Berlin) was rejected. The empirical outcomes of our study provide policy information on the interregional redistribution of working population and labor demand and whether these projects are worthwhile in terms of national welfare. They also show that the additional economic benefits due to market imperfections vary from –1% to +38% of the direct transport benefits, depending on the type of regions connected and the general condition of the economy. Hence, a uniform ‘additional to direct benefit’ ratio does not exist.

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Bibliographic Info

Paper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 04C22.

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Date of creation: 2001
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Handle: RePEc:dgr:rugsom:04c22

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  1. Jan Rouwendal & Erik Meijer, 2001. "Preferences for Housing, Jobs, and Commuting: A Mixed Logit Analysis," Journal of Regional Science, Wiley Blackwell, vol. 41(3), pages 475-505.
  2. Nijkamp, P. & Abreu, M., 2009. "Regional development theory," Serie Research Memoranda 0029, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  3. Venables, Anthony J., 1993. "Equilibrium Locations of Vertically Linked Industries," CEPR Discussion Papers 802, C.E.P.R. Discussion Papers.
  4. David G. Blanchflower & Andrew J. Oswald, 1995. "The Wage Curve," MIT Press Books, The MIT Press, edition 1, volume 1, number 026202375x, December.
  5. Jan Oosterhaven & Ward E. Romp, 2003. "Indirect economic effects of new infrastructure: a comparison of Dutch high speed rail variants," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 94(4), pages 439-452, 09.
  6. Button, Kenneth J., 1993. "Urban transportation economics : Kenneth A. Small. (Fundamentals of Pure and Applied Economics, Vol. 51). Harwood Academic Publishers, P.O. Box 786, Cooper Station, New York, NY 10276, U.S.A., 1992. 1," Transportation Research Part A: Policy and Practice, Elsevier, vol. 27(5), pages 409-410, September.
  7. Jan Oosterhaven & J. Paul Elhorst, 2003. "Effects of Transport Improvements on Commuting and Residential Choice," ERSA conference papers ersa03p29, European Regional Science Association.
  8. Layard, Richard & Nickell, Stephen & Jackman, Richard, 1991. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780198284345.
  9. Paul Elhorst, 1999. "Welfare Effects of Spatial Deconcentration: A Scenario for the Netherlands," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 90(1), pages 17-31, 02.
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Cited by:
  1. J. Elhorst & Jan Oosterhaven, 2006. "Forecasting the impact of transport improvements on commuting and residential choice," Journal of Geographical Systems, Springer, vol. 8(1), pages 39-59, March.
  2. Knaap, Thijs & Oosterhaven, Jan, 2011. "Measuring the welfare effects of infrastructure: A simple spatial equilibrium evaluation of Dutch railway proposals," Research in Transportation Economics, Elsevier, vol. 31(1), pages 19-28.

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