Economic Growth in Urban Regions: Implications for Future Transportation
A central tenet of urban economics is that households, businesses, and industries compete for urban sites that enjoy accessibility advantages â€“ whether to jobs, labor markets, raw materials, or distributions centers. Transportation investments trigger economic growth by enhancing accessibility, particularly in fast-growing, congested cities. Scholarly work suggests the impacts are more redistributive than generative â€“ that is, new highways, rail investments, and busways shift growth that would have happened regardless from particular corridors and subareas of a region to others as opposed to prompting firm relocations and new business investments in a region. Factors other than transportation, such as â€œquality of lifeâ€, are increasingly influencing location choices of middle-income households and firms that are footloose. Of course, transportation and quality of life are not unrelated â€“ public opinion polls reveal that being stuck in traffic is often first on the list among factors that are blamed for a declining quality of urban living.
|Date of creation:||01 Dec 2006|
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- Edward L. Glaeser & Joshua D. Gottlieb, 2006.
"Urban Resurgence and the Consumer City,"
Urban Studies Journal Limited, vol. 43(8), pages 1275-1299, July.
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Harvard Institute of Economic Research Working Papers
1912, Harvard - Institute of Economic Research.
- Edward L. Glaeser & Matthew E. Kahn, 2001. "Decentralized Employment and the Transformation of the American City," NBER Working Papers 8117, National Bureau of Economic Research, Inc.
- Matthew E. Kahn, 2000. "The environmental impact of suburbanization," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 19(4), pages 569-586.
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