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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.

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  • 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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    Cited by:

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    3. 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.
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    5. 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.
    6. 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.
    7. Freiria, Susana & Sousa, Nuno & Calvo-Poyo, Francisco, 2022. "Spatial analysis of the impact of transport accessibility on regional performance: A study for Europe," Journal of Transport Geography, Elsevier, vol. 102(C).
    8. Tomoki Ishikura & Fuga Yokoyama, 2022. "Regional economic effects of the Ring Road project in the Greater Tokyo Area: A spatial CGE approach," Papers in Regional Science, Wiley Blackwell, vol. 101(4), pages 811-837, August.
    9. Hao Wu & Paolo Avner & Genevieve Boisjoly & Carlos K. V. Braga & Ahmed El-Geneidy & Jie Huang & Tamara Kerzhner & Brendan Murphy & Michał A. Niedzielski & Rafael H. M. Pereira & John P. Pritchard & A, 2022. "Urban access across the globe: an international comparison of different transport modes," Working Papers 2021-01, University of Minnesota: Nexus Research Group.
    10. 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.
    11. Yoshitsugu Kanemoto, 2013. "Pitfalls in estimating “wider economic benefits” of transportation projects," GRIPS Discussion Papers 13-20, National Graduate Institute for Policy Studies.
    12. Zhenyu Du & Wei Wu & Yongxue Liu & Weifeng Zhi & Wanyun Lu, 2021. "Evaluation of China’s High-Speed Rail Station Development and Nearby Human Activity Based on Nighttime Light Images," IJERPH, MDPI, vol. 18(2), pages 1-20, January.
    13. Nir Sharav & Yoram Shiftan, 2021. "Optimal Urban Transit Investment Model and Its Application," Sustainability, MDPI, vol. 13(16), pages 1-29, August.
    14. 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.
    15. Kanemoto, Yoshitsugu, 2013. "Evaluating benefits of transportation in models of new economic geography," Economics of Transportation, Elsevier, vol. 2(2), pages 53-62.
    16. Miwa, Norihiro & Bhatt, Ayushman & Morikawa, So & Kato, Hironori, 2022. "High-Speed rail and the knowledge economy: Evidence from Japan," Transportation Research Part A: Policy and Practice, Elsevier, vol. 159(C), pages 398-416.
    17. 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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