IDEAS home Printed from https://ideas.repec.org/a/aea/jecper/v5y1991i1p113-27.html
   My bibliography  Save this article

Efficient Transportation Infrastructure Policy

Author

Listed:
  • Clifford Winston

Abstract

This paper offers a perspective on paying for and investing in the transportation infrastructure. The following example illustrates the need to move away from the current national mind set. Pick any pothole-laden, congested two-lane road in an urban area. Suppose public funds are used to widen the road to four lanes and to repave it. Benefits will immediately flow from this investment in the form of lower travel time and less vehicle damage, but before long, the road will again fill to capacity and deteriorates. This cycle can be broken only if infrastructure is priced and invested in more efficiently. If the pothole-laden road is kept to two lanes when it is repaved but vehicles are required to pay efficient tolls based on congestion and pavement wear, then the road's capacity is far less likely to be exceeded during peak periods and its pavement will remain in good condition. Making efficient use of current transportation capacity will reduce the need for massive public investment in airports and roads and will prevent the recurrence of infrastructure problems.

Suggested Citation

  • Clifford Winston, 1991. "Efficient Transportation Infrastructure Policy," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 113-127, Winter.
  • Handle: RePEc:aea:jecper:v:5:y:1991:i:1:p:113-27
    Note: DOI: 10.1257/jep.5.1.113
    as

    Download full text from publisher

    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.5.1.113
    Download Restriction: no

    References listed on IDEAS

    as
    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    2. Small, Kenneth A., 1983. "The incidence of congestion tolls on urban highways," Journal of Urban Economics, Elsevier, vol. 13(1), pages 90-111, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Talebian, Masoud & Savelsbergh, Martin & Moffiet, Chad, 2016. "A new rail access charging policy: Hunter Valley coal chain case study," Transport Policy, Elsevier, vol. 46(C), pages 101-108.
    2. repec:spr:jecstr:v:6:y:2017:i:1:d:10.1186_s40008-017-0092-9 is not listed on IDEAS
    3. Gorman, Michael F., 2008. "Evaluating the public investment mix in US freight transportation infrastructure," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 1-14, January.
    4. Wei Zou & Fen Zhang & Ziyin Zhuang & Hairong Song, 2008. "Transport Infrastructure, Growth, and Poverty Alleviation: Empirical Analysis of China," Annals of Economics and Finance, Society for AEF, vol. 9(2), pages 345-371, November.
    5. FitzGerald, John & Kearney, Ide & Morgenroth, Edgar & Smyth, Diarmaid, 1999. "National Investment Priorities For The Period 2000-2006," Research Series, Economic and Social Research Institute (ESRI), number PRS33.
    6. repec:pal:jmarka:v:5:y:2017:i:3:d:10.1057_s41270-017-0025-3 is not listed on IDEAS
    7. Productivity Commission, 2001. "Progress in rail reform," Others 0108004, EconWPA.
    8. Brueckner, Jan K. & Goebel, Anton & Niskanen, Esko, 1997. "Airline Deregulation: The American Experience and Prospects for Europe," Discussion Papers 149, VATT Institute for Economic Research.
    9. Gorman, Michael F. & Conway, Daniel G., 2004. "Logistics Costs Based Estimation of Freight Transportation Demand," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 44(1).
    10. Ernst R. Berndt & Bengt Hansson, 1991. "Measuring the Contribution of Public Infrastructure Capital in Sweden," NBER Working Papers 3842, National Bureau of Economic Research, Inc.
    11. Alicia H. Munnell, 1992. "Policy Watch: Infrastructure Investment and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 6(4), pages 189-198, Fall.
    12. Pérez-Cervantes Fernando, 2014. "Railroads and Economic Growth: A Trade Policy Approach," Working Papers 2014-14, Banco de México.
    13. Small, Kenneth A., 1997. "Economics and urban transportation policy in the United States," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 671-691, November.
    14. Bai, Chong-En & Lu, Yi & Tao, Zhigang, 2009. "Excludable public goods: Pricing and social welfare maximization," Economics Letters, Elsevier, vol. 103(2), pages 72-74, May.
    15. Lipsman, Michael Aaron, 1994. "A theory of transportation clubs with special application to the domestic aviation system," ISU General Staff Papers 1994010108000012284, Iowa State University, Department of Economics.
    16. David Levinson & David Gillen, 1997. "The Full Cost of Intercity Highway Transportation," Working Papers 199704, University of Minnesota: Nexus Research Group.
    17. Berndt, Ernst & Hansson, Bengt, 1992. "Measuring the Contribution of Capital in Sweden," Working Paper Series 365, Research Institute of Industrial Economics.
    18. Musisi, A.A., 2006. "Physical public infrastructure and private sector output/productivity in Uganda: a firm level analysis," ISS Working Papers - General Series 19182, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.

    More about this item

    JEL classification:

    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:jecper:v:5:y:1991:i:1:p:113-27. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros) or (Michael P. Albert). General contact details of provider: http://edirc.repec.org/data/aeaaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.