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Infrastructure Restoration as a Tool for Stimulating Urban Renewal— The Glasgow Canal

Author

Listed:
  • Kenneth J. Button

    (Applied Microeconomics Research Group, Department of Economics, Loughborough University)

  • David W. Pearce

    (Department of Economics, University College London)

Abstract

This paper is concerned with examining the economic implications of refurbishing major pieces of redundant urban infrastructure, taking the Forth and Clyde Canal as a case study. In particular, it focusses on the role that such infrastructure may play in assisting urban renewal. While conventional, comprehensive cost-benefit analysis techniques offer one broad approach to evaluating such projects, for both institutional and technical reasons, specific refinements are often necessary. A central theme of the paper is that there is a need to develop a tractable framework of economic appraisal for major urban refurbishment projects given the institutional constraints imposed by the funding agencies.

Suggested Citation

  • Kenneth J. Button & David W. Pearce, 1989. "Infrastructure Restoration as a Tool for Stimulating Urban Renewal— The Glasgow Canal," Urban Studies, Urban Studies Journal Limited, vol. 26(6), pages 559-571, December.
    • Handle: RePEc:sae:urbstu:v:26:y:1989:i:6:p:559-571
    DOI: 10.1080/00420988920080671
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    References listed on IDEAS

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    1. Nash, Christopher A & Pearce, David W & Stanley, John K, 1975. "An Evaluation of Cost-Benefit Analysis Criteria," Scottish Journal of Political Economy, Scottish Economic Society, vol. 22(2), pages 121-134, June.
    2. I.C.R. Byatt, 1984. "Byatt Report on Subsidies to British Export Credits," The World Economy, Wiley Blackwell, vol. 7(2), pages 163-178, June.
    3. Peter Gripaios, 1977. "Industrial Decline in London: An Examination of its Causes," Urban Studies, Urban Studies Journal Limited, vol. 14(2), pages 181-189, June.
    4. Sugden, Robert & Williams, Alan, 1978. "The Principles of Practical Cost-Benefit Analysis," OUP Catalogue, Oxford University Press, number 9780198770411.
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