Smart transportation economic stimulation: infrastructure objectives that support strategic planning objectives provide true economic development
This report discusses factors to consider when evaluating transportation economic stimulation strategies. Transportation investments can have large long-term economic, social and environmental impacts. Expanding urban highways tends to stimulate motor vehicle travel and sprawl, exacerbating future transport problems and threatening future economic productivity. Improving alternative modes (walking and cycling conditions, and public transit service quality) tends to reduce total motor vehicle traffic and associated costs, providing additional long-term economic savings and benefits. Increasing transport system efficiency tends to create far more jobs than those created directly by infrastructure investments. Domestic automobile industry subsidies are ineffective at stimulating employment or economic development. Public policies intended to support domestic automobile sales could be economically harmful in the long-term.
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Corporate Authors:
Victoria Transport Policy Institute
Victoria, British Columbia Canada -
Authors:
- Litman, T
- Publication Date: 2009-2
Language
- English
Media Info
- Pagination: 22p
Subject/Index Terms
- TRT Terms: Economic development; Economics; Evaluation; Infrastructure; Investments; Policy; Transportation planning
- Uncontrolled Terms: Planning and Environment
- ATRI Terms: Economic development; Evaluation; Infrastructure; Investment; Policy; Transport economics; Transport planning
- Subject Areas: Economics; Policy;
Filing Info
- Accession Number: 01383807
- Record Type: Publication
- Source Agency: ARRB
- Files: ATRI
- Created Date: Aug 22 2012 3:53PM