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Transit investment and economic development

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  • Vickerman, Roger

Abstract

This paper describes the development of approaches to analysing the links between investment in transit and economic development. It indicates the need to bring together disparate approaches from urban economics and transportation economics to get a full understanding and uses recent results on agglomeration economies to present a more rigorous model of the wider economic benefits of transit investment. Although the evidence increasingly points towards identifiable benefits over and above those captured in conventional transport cost-benefit analysis, the chapter counsels against the assumption of simple rules.

Suggested Citation

  • Vickerman, Roger, 2008. "Transit investment and economic development," Research in Transportation Economics, Elsevier, vol. 23(1), pages 107-115, January.
  • Handle: RePEc:eee:retrec:v:23:y:2008:i:1:p:107-115
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    2. Liaqat Ali & Ahsan Nawaz & Shahid Iqbal & Muhammad Aamir Basheer & Javaria Hameed & Gadah Albasher & Syyed Adnan Raheel Shah & Yong Bai, 2021. "Dynamics of Transit Oriented Development, Role of Greenhouse Gases and Urban Environment: A Study for Management and Policy," Sustainability, MDPI, vol. 13(5), pages 1-14, February.
    3. Awaworyi Churchill, Sefa & Baako, Kingsley Tetteh & Mintah, Kwabena & Zhang, Quanda, 2021. "Transport infrastructure and house prices in the long run," Transport Policy, Elsevier, vol. 112(C), pages 1-12.
    4. Kanemoto, Yoshitsugu, 2013. "Second-best cost–benefit analysis in monopolistic competition models of urban agglomeration," Journal of Urban Economics, Elsevier, vol. 76(C), pages 83-92.
    5. Yoshitsugu Kanemoto, 2013. "Pitfalls in estimating “wider economic benefits” of transportation projects," GRIPS Discussion Papers 13-20, National Graduate Institute for Policy Studies.
    6. Kanemoto, Yoshitsugu, 2013. "Evaluating benefits of transportation in models of new economic geography," Economics of Transportation, Elsevier, vol. 2(2), pages 53-62.
    7. Blanca Fernandez Milan, 2016. "How participatory planning processes for transit-oriented development contribute to social sustainability," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 6(3), pages 520-524, September.
    8. Bothe, Kristian & Hansen, Høgni Kalsø & Winther, Lars, 2018. "Spatial restructuring and uneven intra-urban employment growth in metro- and non-metro-served areas in Copenhagen," Journal of Transport Geography, Elsevier, vol. 70(C), pages 21-30.
    9. Rokicki, Bartlomiej & Stępniak, Marcin, 2018. "Major transport infrastructure investment and regional economic development – An accessibility-based approach," Journal of Transport Geography, Elsevier, vol. 72(C), pages 36-49.
    10. Nir Sharav & Yoram Shiftan, 2021. "Optimal Urban Transit Investment Model and Its Application," Sustainability, MDPI, vol. 13(16), pages 1-29, August.
    11. Bartlomiej Rokicki & Eduardo A. Haddad & Jonathan M. Horridge & Marcin Stępniak, 2021. "Accessibility in the regional CGE framework: the effects of major transport infrastructure investments in Poland," Transportation, Springer, vol. 48(2), pages 747-772, April.
    12. Yoshitsugu Kanemoto, 2012. "Cost-Benefit Analysis in Monopolistic Competition Models of Urban Agglomeration," GRIPS Discussion Papers 12-04, National Graduate Institute for Policy Studies.

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