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Recent Evolution of Research into the Wider Economic Benefits of Transport Infrastructure Investments

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  • Roger Vickerman

    (University of Kent at Canterbury)

Abstract

The debate on whether there are wider economic benefits from transport infrastructure investments continues to cause debate and controversy. This debate occurs both between analysts seeking to find a robust method for identifying and measuring the size of such benefits and between policy makers seeking to justify or refute the need for a particular investment. It is timely to review progress on arriving at a consensus view of the contribution of infrastructure to the wider economy which is consistent with best practice in appraisal. This paper will review progress and try to bring out some common themes for discussion. The main aim of this paper is to bring together the various alternative methodological approaches to this problem which differs not just in the detail of the analysis, but more significantly in the scale at which the analysis is undertaken. It is argued that it is of particular importance to understand the way in which changes in the provision of transport affect microeconomic decisions, including those within firms and households, and to understand the operation of markets as well as to model the resultant flows and their macroeconomic consequences.

Suggested Citation

  • Roger Vickerman, 2007. "Recent Evolution of Research into the Wider Economic Benefits of Transport Infrastructure Investments," OECD/ITF Joint Transport Research Centre Discussion Papers 2007/9, OECD Publishing.
    • Handle: RePEc:oec:itfaaa:2007/9-en
    DOI: 10.1787/234770772187
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    Cited by:

    1. Yahong Liu & Daisheng Tang & Tao Bu & Xinyuan Wang, 2022. "The spatial employment effect of high-speed railway: quasi-natural experimental evidence from China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(2), pages 333-359, October.
    2. Raux, Charles & Souche, Stéphanie & Pons, Damien, 2012. "The efficiency of congestion charging: Some lessons from cost–benefit analyses," Research in Transportation Economics, Elsevier, vol. 36(1), pages 85-92.
    3. Verma, Ashish & Sudhira, H.S. & Rathi, Sujaya & King, Robin & Dash, Nibedita, 2013. "Sustainable urbanization using high speed rail (HSR) in Karnataka, India," Research in Transportation Economics, Elsevier, vol. 38(1), pages 67-77.
    4. World Bank, 2014. "Regional Economic Impact Analysis of High Speed Rail in China : Main Report," World Bank Publications - Reports 19996, The World Bank Group.
    5. Di Cataldo, Marco & Rodríguez-Pose, Andrés, 2016. "What drives employment growth and social inclusion in EU regions," LSE Research Online Documents on Economics 68510, London School of Economics and Political Science, LSE Library.
    6. Yoshitsugu Kanemoto, 2011. "Second-Best Cost?Benefit Analysis with a Microfoundation of Urban Agglomeration," GRIPS Discussion Papers 11-03, National Graduate Institute for Policy Studies.
    7. Truong, Truong P. & Hensher, David A., 2012. "Linking discrete choice to continuous demand within the framework of a computable general equilibrium model," Transportation Research Part B: Methodological, Elsevier, vol. 46(9), pages 1177-1201.
    8. Vickerman, Roger, 2008. "Transit investment and economic development," Research in Transportation Economics, Elsevier, vol. 23(1), pages 107-115, January.
    9. Kanemoto, Yoshitsugu, 2013. "Second-best cost–benefit analysis in monopolistic competition models of urban agglomeration," Journal of Urban Economics, Elsevier, vol. 76(C), pages 83-92.
    10. Beria, Paolo & Grimaldi, Raffaele, 2013. "Appraising the benefits of bottleneck removal in rail transport: a simplified CBA approach," MPRA Paper 46889, University Library of Munich, Germany.
    11. Jiwattanakulpaisarn, Piyapong & Noland, Robert B. & Graham, Daniel J., 2010. "Causal linkages between highways and sector-level employment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(4), pages 265-280, May.
    12. Paal Brevik Wangsness & Kenneth Løvold Rødseth & Wiljar Hansen, 2017. "A review of guidelines for including wider economic impacts in transport appraisal," Transport Reviews, Taylor & Francis Journals, vol. 37(1), pages 94-115, January.
    13. Daniel Shefer, 2014. "Sustainable Transportation and Urban Development," ERSA conference papers ersa14p306, European Regional Science Association.
    14. Piyapong Jiwattanakulpaisarn & Robert B. Noland & Daniel J. Graham, 2012. "Marginal Productivity of Expanding Highway Capacity," Journal of Transport Economics and Policy, University of Bath, vol. 46(3), pages 333-347, September.
    15. Rothfeld, Raoul & Straubinger, Anna & Paul, Annika & Antoniou, Constantinos, 2019. "Analysis of European airports’ access and egress travel times using Google Maps," Transport Policy, Elsevier, vol. 81(C), pages 148-162.
    16. Anyu Chen & Yueran Li & Kunhui Ye & Tianyi Nie & Rui Liu, 2021. "Does Transport Infrastructure Inequality Matter for Economic Growth? Evidence from China," Land, MDPI, vol. 10(8), pages 1-21, August.
    17. Bothe, Kristian & Hansen, Høgni Kalsø & Winther, Lars, 2018. "Spatial restructuring and uneven intra-urban employment growth in metro- and non-metro-served areas in Copenhagen," Journal of Transport Geography, Elsevier, vol. 70(C), pages 21-30.
    18. Margarita Bagamanova & Miguel Mujica Mota & Vittorio Di Vito, 2022. "Exploring the Efficiency of Future Multimodal Networks: A Door-to-Door Case in Europe," Sustainability, MDPI, vol. 14(20), pages 1-20, October.
    19. José Manuel Viegas, 2012. "The urban mobility system and regional competitiveness," Chapters, in: Roberta Capello & Tomaz Ponce Dentinho (ed.), Networks, Space and Competitiveness, chapter 2, pages 35-55, Edward Elgar Publishing.
    20. Louw, Erik & Leijten, Martijn & Meijers, Evert, 2013. "Changes subsequent to infrastructure investments: Forecasts, expectations and ex-post situation," Transport Policy, Elsevier, vol. 29(C), pages 107-117.
    21. Hansen, Wiljar & Johansen, Bjørn Gjerde, 2017. "Regional repercussions of new transport infrastructure investments: An SCGE model analysis of wider economic impacts," Research in Transportation Economics, Elsevier, vol. 63(C), pages 38-49.
    22. Meunier, David & Quinet, Emile, 2012. "Applications of transport economics and imperfect competition," Research in Transportation Economics, Elsevier, vol. 36(1), pages 19-29.

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