RESEARCH NEEDS IN ECONOMIC AND FINANCIAL FACTORS OF HIGHWAY TRANSPORTATION: IN SEARCH OF IMPROVED STRATEGY

THIS REPORT IS ONE PART OF A STUDY OF HIGHWAY RESEARCH NEEDS AND RESOURCES THAT HAD THE OBJECTIVE OF DEVELOPING A SERIES OF MISSION-ORIENTED RESEARCH AND DEVELOPMENT PROGRAMS IN HIGHWAY TRANSPORTATION SO THAT THE ENTIRE EFFORT ON FEDERAL, STATE, AND LOCAL LEVELS MAY BE MANAGED AND COORDINATED WITH EFFICIENCY, CONTINUITY, AND CLARITY TOWARD WELL-DEFINED GOALS AND PROBLEMS. AS A SEGMENT OF THAT LARGER STUDY, THIS REPORT DESCRIBES THE SCOPE AND CONTENT OF ECONOMICS AND FINANCIAL RESEARCH IN HIGHWAY TRANSPORTATION. THE OBJECTIVE OF THIS RESEARCH IS THE ACQUISITION OF KNOWLEDGE RELEVANT TO OPTIMIZING THE ALLOCATION OF RESOURCES WITH RESPECT TO HIGHWAY POLICY. THREE BROAD ASPECTS OF HIGHWAY ECONOMICS ARE DISTINGUISHED: DEMAND FOR TRIPS, COSTS AND SUPPLY OF TRIPS, AND INTERACTION OF SUPPLY AND DEMAND. FIRST PRIORITY FOR FUTURE RESEARCH MUST BE GIVEN TO THE SPECIFICATION AND QUANTIFICATION OF DEMAND FOR HIGHWAY TRIPS, BOTH BECAUSE OF ITS INTRINSIC IMPORTANCE AND BECAUSE SO LITTLE HAS BEEN DONE IN THE AREA. SECOND IN RELATIVE MARGINAL IMPORTANCE IS RESEARCH INTO THE WEALTH DISTRIBUTION EFFECTS OF HIGHWAYS AND HIGHWAY POLICIES. THIRD PRIORITY SHOULD BE GIVEN TO WORK IN APPLIED RESEARCH ON THE INTERFACE BETWEEN BASIC RESEARCH AND POLICY. FURTHER WORK ON COAST IS PLACED LAST IN IMPORTANCE PRIMARILY BECAUSE, OF ALL STUDY AREAS, THIS IS THE BEST CULTIVATED. /AUTHOR/

• Record URL:
  http://onlinepubs.trb.org/Onlinepubs/hrr/1971/356/356-015.pdf
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0309019692
• Supplemental Notes:
  • Sponsored by Committee on Social, Economic, and Environmental Factors of Transportation and presented at the 50th Annual Meeting. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Authors:
  • Boyd, J H
• Publication Date: 1971

Media Info

• Media Type: Digital/other
• Features: References;
• Pagination: pp 158-167
• Monograph Title: Social, Economic, and Environmental Factors of Transportation
• Serial:
  • Highway Research Record
  • Issue Number: 356
  • Publisher: Highway Research Board

Subject/Index Terms

• TRT Terms: Financing; Highways; Research; Specifications; State highway departments; Strategic planning
• Candidate Terms: Highway economics
• Uncontrolled Terms: Programs; Requirement
• Subject Areas: Economics; Highways; Research; Society;

Filing Info

• Accession Number: 00202022
• Record Type: Publication
• ISBN: 0309019692
• Files: TRIS, TRB
• Created Date: Mar 7 1972 12:00AM