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Assessing Road Investments: Accessibility Changes, Cost Benefit and Production Effects

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  • Forslund, Ulla M
  • Johansson, Borje

Abstract

Infrastructure investment projects and programmes are generally evaluated by comparing project costs with pertinent benefits. In this paper a series of alternative national road investment programmes in Sweden are examined. Each programme is assessed in terms of expected time savings and reduced accident rates. In addition we make use of a general production function with regionally specific accessibility characteristics as arguments. With this approach, improved accessibility implies an increase of the production potential. The paper compares the value of these production effects with the value of time savings and other benefits in a standard CB-calculation. In the comparisons more than 50 alternative national investment programmes are assessed, and their degree of consistency is estimated.

Suggested Citation

  • Forslund, Ulla M & Johansson, Borje, 1995. "Assessing Road Investments: Accessibility Changes, Cost Benefit and Production Effects," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 29(2), pages 155-174, May.
  • Handle: RePEc:spr:anresc:v:29:y:1995:i:2:p:155-74
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    Citations

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    Cited by:

    1. Fumitoshi Mizutani & Tomoyasu Tanaka, 2010. "Productivity effects and determinants of public infrastructure investment," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(3), pages 493-521, June.
    2. David Martín-Barroso & Juan A. Núñez-Serrano & Francisco J. Velázquez, 2015. "The Effect Of Accessibility On Productivity In Spanish Manufacturing Firms," Journal of Regional Science, Wiley Blackwell, vol. 55(5), pages 708-735, November.
    3. Pelayo Arbués & Matias Mayor & José Ba-os, 2014. "Productivity and accessibility of road transportation infrastructure in Spain: a spatial econometric approach," Chapters,in: Accessibility and Spatial Interaction, chapter 9, pages 177-194 Edward Elgar Publishing.
    4. David Martín Barroso & Juan Andres Nuñez & Francisco Javier Velázquez Angona, 2013. "El efecto de la accesibilidad en la productividad de las empresas. El caso de las manufacturas españolas
      [The effect on firms' productivity of accessibility. The Spanish manufacturing sector]
      ," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 13-01, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
    5. Arnstein Gjestland & Inge Thorsen & Jan Ubøe, 2006. "Some aspects of the intraregional spatial distribution of local sector activities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(3), pages 559-582, August.
    6. David, Martín-Barroso & Juan Andres, Nuñez & Francisco J., Velazquez, 2013. "The efect on firms' Productivity of accessibility. The Spanish manufacturung sector," MPRA Paper 45842, University Library of Munich, Germany.
    7. Rosina Moreno Serrano & Manuel Artis Ortuno & Enrique Lopez Bazo & Jordi Surinach Caralt, 1997. "Evidence on the complex link between infrastructure and regional growth," Working Papers in Economics 19, Universitat de Barcelona. Espai de Recerca en Economia.
    8. Condeço-Melhorado, Ana & Gutiérrez, Javier & García-Palomares, Juan Carlos, 2011. "Spatial impacts of road pricing: Accessibility, regional spillovers and territorial cohesion," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(3), pages 185-203, March.
    9. repec:eee:transa:v:100:y:2017:i:c:p:348-365 is not listed on IDEAS
    10. Mark Burkey, 2012. "Decomposing geographic accessibility into component parts: methods and an application to hospitals," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 48(3), pages 783-800, June.
    11. Zbigniew Mogila, 2015. "Conceptual model of the concept of the territorial cohesion," Working Papers 1517, Instytut Rozwoju, Institute for Development.
    12. Adriaan Perrels, 2004. "The Basic Service Quality Level of Transport Infrastructure in Peripheral Areas," Discussion Papers 335, Government Institute for Economic Research Finland (VATT).
    13. Ribeiro, Anabela & Silva, Jorge, 2011. "A Spatial analysis on the relation between accessibility and spatial development for Cross-border regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 21, pages 141-156.
    14. Anabela Ribeiro & Jorge Silva, 2011. "A spatial econometric analysis of cross-border accessibility and development in Portugal and Spain," ERSA conference papers ersa10p456, European Regional Science Association.
    15. Zbigniew Mogila, 2015. "Conceptual model of the concept of the territorial cohesion," Working Papers 1510, Instytut Rozwoju, Institute for Development.
    16. Adriaan Perrels, 2003. "The basic service quality level of transport infrastructure in peripheral areas," ERSA conference papers ersa03p470, European Regional Science Association.
    17. Riccardo Mercurio & Paolo Canonico & Mario Pezzillo Iacono, 2012. "Organizing mobility as an infrastructure for development," Chapters,in: European Cities and Global Competitiveness, chapter 14, pages 259-273 Edward Elgar Publishing.
    18. Jose da Silva Costa, 1998. "The productive role of public infrastructure: A critical review of recent literature," ERSA conference papers ersa98p95, European Regional Science Association.

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