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Regional repercussions of new transport infrastructure investments: An SCGE model analysis of wider economic impacts

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  • Hansen, Wiljar
  • Johansen, Bjørn Gjerde

Abstract

In this article, we analyse the wider economic impacts (WEI) of a large number of planned Norwegian transport infrastructure projects. WEI are welfare effects caused by imperfections in markets adjacent to the transport market and are additional to the transport user benefits calculated in a conventional cost-benefit analysis.

Suggested Citation

  • Hansen, Wiljar & Johansen, Bjørn Gjerde, 2017. "Regional repercussions of new transport infrastructure investments: An SCGE model analysis of wider economic impacts," Research in Transportation Economics, Elsevier, vol. 63(C), pages 38-49.
    • Handle: RePEc:eee:retrec:v:63:y:2017:i:c:p:38-49
    DOI: 10.1016/j.retrec.2017.07.004
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    Cited by:

    1. Park, Jin Suk & Seo, Young-Joon & Ha, Min-Ho, 2019. "The role of maritime, land, and air transportation in economic growth: Panel evidence from OECD and non-OECD countries," Research in Transportation Economics, Elsevier, vol. 78(C).
    2. 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.
    3. Piotr Rosik & Julia Wójcik, 2022. "Transport Infrastructure and Regional Development: A Survey of Literature on Wider Economic and Spatial Impacts," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
    4. Peiwen Guo & Jun Fang & Ke Zhu, 2023. "The Spatial Spillover Effect and Function Routes of Transport Infrastructure Investment on Economic Growth: Evidence from Panel Data of OECD Members and Partners," Mathematics, MDPI, vol. 11(5), pages 1-26, February.
    5. Hiramatsu, Tomoru, 2023. "Inter-metropolitan regional migration galvanized by high-speed rail: A simulation analysis of the Linear Chuo Shinkansen line in Japan," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).

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    More about this item

    Keywords

    Transport appraisal; Wider economic impacts; SCGE models; Transport infrastructure investments; Cost benefit analysis; Indirect economic effects; Spatial general equilibrium; Transport costs;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

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