Methods of Estimating the Economic Impact of Transportation Improvements

This synthesis reviews several strands of relevant literature that aim to assess the basic issue of the economic impact of highways. It begins with a discussion of traditional, project-based economic analysis methods, based on microeconomic foundations and benefit-cost analysis methods. Some attention is paid to the specific topic of induced demand, since this issue presents unique difficulties for microeconomic analysis methods. Then, the discussion turns to regional and macroeconomic methods, including input-output and econometric modeling. The final section summarizes the previous discussion and offers some prospective ideas about evaluating the impacts of transportation improvements.

Language

  • English

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Filing Info

  • Accession Number: 01141636
  • Record Type: Publication
  • Report/Paper Numbers: TRS 0802
  • Files: TRIS
  • Created Date: Oct 1 2009 2:58PM