Transport Investment and Economic Development

<p>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.<br>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.</p> 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.