Do Economists Reach a Conclusion On Rail Transit?
In the United States, the public debate over urban rail projects is complicated by the lack of agreement on goals. Supporters offer a wide variety of justifications to build and expand rail transit. If one focuses on the judgments of economists, the list of justifications shrinks considerably, but we are still left with a bundle of goals. Compared to other justifications, economists appear to be somewhat optimistic about rail transitâ€™s impact on local economic development, but less optimistic about railâ€™s ability to achieve environmental improvement and serve the transit-dependent poor. Economists seem quite pessimistic about railâ€™s ability to achieve key transportation goals like reducing congestion. Economists often attribute railâ€™s political success to rent-seeking and romantic political factors. Of those economists who offer a big-picture view, there appears to be wide, though not unanimous, agreement that railâ€™s costs exceed its benefits. And it seems that almost all economists who write about rail agree that various demographic features, such as suburbanization, the declining influence of central business districts, and increasing wealth will make it increasingly difficult to design successful rail systems.
Volume (Year): 3 (2006)
Issue (Month): 3 (September)
|Contact details of provider:|| Postal: Enterprise Hall, Room 354, 4400 University Drive, 3G4 Fairfax, VA 22030|
Phone: (703) 993-1151
Web page: https://econjwatch.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Adam M. Zaretsky, 1994. "Riding the rails: a look at light rail transit," The Regional Economist, Federal Reserve Bank of St. Louis, issue Oct, pages 4-9.
- Richard Voith, 1991. "Transportation, Sorting and House Values," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(2), pages 117-137.
- Winston, Clifford & Maheshri, Vikram, 2007. "On the social desirability of urban rail transit systems," Journal of Urban Economics, Elsevier, vol. 62(2), pages 362-382, September.
- John F. Kain, 1996. "Cost-Effective Alternatives to Atlanta's Costly Rail Rapid Transit System," Harvard Institute of Economic Research Working Papers 1762, Harvard - Institute of Economic Research.
- Giuliano, Genevieve & Small, Kenneth A., 1995. "Alternative Strategies for Coping with Traffic Congestion," University of California Transportation Center, Working Papers qt8nw1480v, University of California Transportation Center.
- McFadden, Daniel, 1974. "The measurement of urban travel demand," Journal of Public Economics, Elsevier, vol. 3(4), pages 303-328, November.
- Bowes, David R. & Ihlanfeldt, Keith R., 2001. "Identifying the Impacts of Rail Transit Stations on Residential Property Values," Journal of Urban Economics, Elsevier, vol. 50(1), pages 1-25, July.
- Kain, John F. & Liu, Zvi, 1999. "Secrets of success: assessing the large increases in transit ridership achieved by Houston and San Diego transit providers," Transportation Research Part A: Policy and Practice, Elsevier, vol. 33(7-8), pages 601-624.
- Fielding, Gordon J., 1995. "Congestion Pricing and the Future of Transit," University of California Transportation Center, Working Papers qt0g332530, University of California Transportation Center.
- Klein, Daniel, 2004. "The People’s Romance: Why People Love Government (as much as they do)," Ratio Working Papers 31, The Ratio Institute, revised 11 May 2005.
- Kain, John F, 1992. "The Use of Straw Men in the Economic Evaluation of Rail Transport Projects," American Economic Review, American Economic Association, vol. 82(2), pages 487-93, May.
- Nelson, Peter & Bagliano, Andrew & Harrington, Winston & Safirova, Elena & Lipman, Abram, 2006.
"Transit in Washington, D.C.: Current Benefits and Optimal Level of Provision,"
dp-06-21, Resources For the Future.
- Nelson, Peter & Baglino, Andrew & Harrington, Winston & Safirova, Elena & Lipman, Abram, 2007. "Transit in Washington, DC: Current benefits and optimal level of provision," Journal of Urban Economics, Elsevier, vol. 62(2), pages 231-251, September.
- Adrian T. Moore & Ted Balaker, 2006. "Do Economists Reach a Conclusion on Taxi Deregulation?," Econ Journal Watch, Econ Journal Watch, vol. 3(1), pages 109-132, January.
When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:3:y:2006:i:3:p:551-602. 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: (Jason Briggeman)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 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.