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Quantifying wide economic impacts of agglomeration for transport appraisal: existing evidence and future directions

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  • Graham, Daniel J.
  • Gibbons, Stephen

Abstract

This paper is concerned with the Wider Economic Impacts (WEIs) of transport improvements that arise via scale economies of agglomeration. It reviews the background theory and empirical evidence on agglomeration, explains the link between transport and agglomeration, and describes a three step procedure to appraise agglomeration impacts for transport schemes within Cost Benefit Analysis (CBA). The paper concludes with a set of recommendations for future empirical work on agglomeration and transport appraisal.

Suggested Citation

  • Graham, Daniel J. & Gibbons, Stephen, 2018. "Quantifying wide economic impacts of agglomeration for transport appraisal: existing evidence and future directions," LSE Research Online Documents on Economics 91682, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:91682
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    File URL: http://eprints.lse.ac.uk/91682/
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    More about this item

    Keywords

    agglomeration; transport; cost benefit analysis;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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