MOTORWAY INVESTMENT, INDUSTRIAL TRANSPORT COSTS AND SUB-REGIONAL GROWTH: A CASE STUDY OF THE M62

THIS PAPER IS CONCERNED WITH THE EFFECTS OF MOTORWAY INVESTMENT ON RIGIONAL ECONOMIC GROWTH. THE ROLE OF REGIONAL DEVELOPMENT BENEFITS IN COST-BENEFIT APPRAISALS OF HIGHWAY INVESTMENTS IS BRIEFLY REVIEWED. A MODEL RELATING AREAL EMPLOYMENT GORWTH RATES TO TRANSPORT COSTS AND TO OTHER VARIABLES IS DEVELOPED, AND THEN TESTED FOR A 30-ZONE AREA OF THE NORTH OF ENGLAND USING MULTIPLE REGRESSION TECHNIQUES. TRANSPORT COSTS INDICES OF ACCESSIBILITY DEVELOPED IN THIS MODEL ARE THEN USED TO CALCULATE THE EFFECT OF A PARTICULAR MOTORWAY, THE M62, ON INDUSTRIAL TRANSPORT COSTS IN THE AREAS THROUGH WHICH IT PASSES. THESE RESULTS ARE USED TO GIVE A VERY TENTATIVE INDICATION OF THE EMPLOYMENT CHANGES IN THESE AREAS WHICH MIGHT FOLLOW THE HIGHWAY'S CONSTRUCTION.

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  • Accession Number: 00202499
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 31 1974 12:00AM