Transport Investment and Economic Development

by David Banister, Joseph Berechman

Overview

A major concern of all decision makers has been to ensure that there are clear benefits from transport investment proposals. The travel time savings are clear, but the wider economic developments have presented enormous difficulty in terms of both theoretical arguments and empirical evidence. This book reviews the history of the debate and argues that the agenda has changed. These issues are presented together with a major analytical investigation of macroeconomic models, evaluation in transport and microeconomic approaches. The final part of the book presents a series of case studies for road, rail and airport investment schemes, particularly focusing on the economic development aspects.

Product Details

ISBN-13:	9781135802707
Publisher:	Taylor & Francis
Publication date:	08/29/2003
Sold by:	Barnes & Noble
Format:	eBook
Pages:	384
File size:	3 MB

About the Author

David Banister is Professor of Transport Planning at University College London. He has produced twelve books on all aspects of transport policy and planning analysis. Joseph Berechman is a Professor and Chairman of the Public Policy Department at Tel Aviv University, Israel. His major academic interests include Transportation Economics, Transportation and Land Use Systems Planning and Policy Analysis. He has published extensively in these fields and was a faculty member and visiting scholar in a number of American and European universities and research institutes. Presently he is also a Senior Research Associate at the University Transportation Research Center in New York.

Table of Contents

Acknowledgements. Dedication. Part 1: Objectives and Scope. Background and Objectives. Scope of Analysis: Definitions, Approach and Methodological Framework. Part 2: Contemporary Issues. Transport Infrastructure Investment. The Evolving Economy. Social and Environmental Effects. Part 3: Methodology: Analytical Approaches and Modelling. Modelling the Growth Effects of Transport Capital Investment - A Macro Level Analysis. Economic Evaluation of Transportation Projects. A Model of Transport Infrastructure Development and Local Economic Growth. Part 4: Empirical Case Studies. Introduction. The Economic Impact of Roads. The Economic Impacts of Rail. The Economic Impacts of Airports. Part 5: Interpretation of Impacts and Policy Conclusions. References. Index.

Editorial Reviews

'A rewarding read and a treasure trove of references and ideas for future work.' Environment and Planning B

'It is a book not just for economists; it will be valuable to planners, geographers and analysts in government, consulting firms, transport and construction companies, and universities.' Journal of Transport Geography

'David Banister and Joseph Berechman have combined their own research with that of many others to spell out the relationship between transport and infrastructure and economic development, to the extent these are currently understood, in a lucid publication that will be difficult to ignore.' Journal of Transport Geography

'This new text will stiffen the resolve and provide ammunition for those who believe that transport investment should be subject to rigorous evaluation. ' - IJournal of Transport Geography

From the Publisher