Economic evaluation of road improvements: a tourism perspective

From a tourism perspective, shortcomings in the traditional evaluation procedures for road improvements include the valuation of traditional benefits without considering different values for tourism; the lack of valuation of 'intangible' benefits; and treatment of other issues such as peaking phenomenon, traffic generation, economic development benefits, and benefits to international visitors. The tourism perspective could be better taken into account in evaluation of road improvements by more research into valuation of traditional and intangible benefits, by adopting a strategic focus, and by conducting sensitivity analysis of key parameters.

• Authors:
  • Daniels, R
  • Hooper, P
• Publication Date: 1995-7

Language

• English

Media Info

• Pagination: 18p
• Serial:
  • Issue Number: ITS-WP-95-8

Subject/Index Terms

• TRT Terms: Aesthetics; Benefit cost analysis; Comfort; Decision making; Dust; Economic analysis; Economic development; Economics; Highway design; Highway maintenance; Highway safety; Highways; Methodology; Operating costs; Revealed preferences; Stated preferences; Strategic planning; Surface course (Pavements); Tourism; Travel time; Trip generation; Vehicles
• Uncontrolled Terms: Transport costs
• ATRI Terms: Aesthetics; Comfort; Cost benefit analysis; Crash costs; Dust; Economic analysis; Economic development; International tourist; Methodology; Priority; Revealed preference; Road economics; Road improvement; Road safety; Stated preference; Strategic planning; Surfacing; Tourism; Traffic generation; Transport costs; Travel time; Vehicle operating costs
• Subject Areas: Economics; Highways; Vehicles and Equipment;

Filing Info

• Accession Number: 01393618
• Record Type: Publication
• Source Agency: ARRB
• Files: ATRI
• Created Date: Aug 23 2012 9:38AM