IDEAS home Printed from https://ideas.repec.org/a/eee/jotrge/v54y2016icp430-439.html
   My bibliography  Save this article

Evaluation of wider economic impacts of light rail investment on cities

Author

Listed:
  • D. Knowles, Richard
  • Ferbrache, Fiona

Abstract

Transport plays a critical role in facilitating competitiveness in post-industrial economies. High quality transport services and infrastructure enhance internal and external connectivity. This research examines published and unpublished evidence of economic impacts of modern light rail (tram and light metro) systems in the United Kingdom and globally. Evidence is considered relating outcomes of investment in light rail systems to: unlocking previously hard to reach sites for development; triggering fresh growth through elimination of significant transport constraints; stimulation of inward investment; extension of labour market catchment areas; reorganisation or rationalisation of production, distribution and land use; and land and property value increase and capture. Urban light rail investment can help regenerate Central Business Districts and boost employment and property prices. Similar rail investments in different locations may not however have the same economic impacts — geography matters. Other conditions in addition to transport investment are required for positive externalities.

Suggested Citation

  • D. Knowles, Richard & Ferbrache, Fiona, 2016. "Evaluation of wider economic impacts of light rail investment on cities," Journal of Transport Geography, Elsevier, vol. 54(C), pages 430-439.
    • Handle: RePEc:eee:jotrge:v:54:y:2016:i:c:p:430-439
    DOI: 10.1016/j.jtrangeo.2015.09.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0966692315001659
    Download Restriction: no
    File URL: https://libkey.io/10.1016/j.jtrangeo.2015.09.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Iain Docherty & Jon Shaw & Richard Knowles & Danny Mackinnon, 2009. "Connecting for competitiveness: future transport in UK city regions," Public Money & Management, Taylor & Francis Journals, vol. 29(5), pages 321-328, September.
    2. Ibeas, Ángel & Cordera, Ruben & dell’Olio, Luigi & Coppola, Pierluigi & Dominguez, Alberto, 2012. "Modelling transport and real-estate values interactions in urban systems," Journal of Transport Geography, Elsevier, vol. 24(C), pages 370-382.
    3. Robert Cervero, 2010. "Transit Transformations: Private Financing and Sustainable Urbanism in Hong Kong and Tokyo," Palgrave Macmillan Books, in: William Ascher & Corinne Krupp (ed.), Physical Infrastructure Development: Balancing the Growth, Equity, and Environmental Imperatives, chapter 0, pages 165-185, Palgrave Macmillan.
    4. Banister, David & Thurstain-Goodwin, Mark, 2011. "Quantification of the non-transport benefits resulting from rail investment," Journal of Transport Geography, Elsevier, vol. 19(2), pages 212-223.
    5. Knowles, Richard D., 2012. "Transit Oriented Development in Copenhagen, Denmark: from the Finger Plan to Ørestad," Journal of Transport Geography, Elsevier, vol. 22(C), pages 251-261.
    6. Fan, Yingling & Guthrie, Andrew E & Levinson, David M, 2012. "Impact of light rail implementation on labor market accessibility: A transportation equity perspective," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 5(3), pages 28-39.
    7. Anthony J. Venables, 2007. "Evaluating Urban Transport Improvements: Cost-Benefit Analysis in the Presence of Agglomeration and Income Taxation," Journal of Transport Economics and Policy, University of Bath, vol. 41(2), pages 173-188, May.
    8. Banister, David, 2011. "Cities, mobility and climate change," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1538-1546.
    9. ,, 1998. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 14(1), pages 151-159, February.
    10. Ela Babalik-Sutcliffe, 2002. "Urban rail systems: Analysis of the factors behind success," Transport Reviews, Taylor & Francis Journals, vol. 22(4), pages 415-447, January.
    11. Daniel J. Graham, 2007. "Agglomeration, Productivity and Transport Investment," Journal of Transport Economics and Policy, University of Bath, vol. 41(3), pages 317-343, September.
    12. Pacheco-Raguz, Javier F., 2010. "Assessing the impacts of Light Rail Transit on urban land in Manila," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 3(1), pages 113-138.
    13. Mohammad, Sara I. & Graham, Daniel J. & Melo, Patricia C. & Anderson, Richard J., 2013. "A meta-analysis of the impact of rail projects on land and property values," Transportation Research Part A: Policy and Practice, Elsevier, vol. 50(C), pages 158-170.
    14. Knowles, Richard D., 2007. "What future for light rail in the UK after Ten Year Transport Plan targets are scrapped?," Transport Policy, Elsevier, vol. 14(1), pages 81-93, January.
    15. David Hensher & Corinne Mulley, 2015. "Modal image: candidate drivers of preference differences for BRT and LRT," Transportation, Springer, vol. 42(1), pages 7-23, January.
    16. Mackett, Roger L. & Edwards, Marion, 1998. "The impact of new urban public transport systems: will the expectations be met?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 32(4), pages 231-245, May.
    17. Medda, Francesca, 2012. "Land value capture finance for transport accessibility: a review," Journal of Transport Geography, Elsevier, vol. 25(C), pages 154-161.
    18. ,, 1998. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 14(5), pages 687-698, October.
    19. Reid Ewing & Shima Hamidi, 2014. "Longitudinal Analysis of Transit's Land Use Multiplier in Portland (OR)," Journal of the American Planning Association, Taylor & Francis Journals, vol. 80(2), pages 123-137, April.
    20. Paul Lawless & Tony Gore, 1999. "Urban Regeneration and Transport Investment: A Case Study of Sheffield 1992-96," Urban Studies, Urban Studies Journal Limited, vol. 36(3), pages 527-545, March.
    21. Lane, Bradley W., 2008. "Significant characteristics of the urban rail renaissance in the United States: A discriminant analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(2), pages 279-295, February.
    22. Lakshmanan, T.R., 2011. "The broader economic consequences of transport infrastructure investments," Journal of Transport Geography, Elsevier, vol. 19(1), pages 1-12.
    23. Senior, Martyn L., 2009. "Impacts on travel behaviour of Greater Manchester’s light rail investment (Metrolink Phase 1): evidence from household surveys and Census data," Journal of Transport Geography, Elsevier, vol. 17(3), pages 187-197.
    24. Daniel Baldwin Hess & Tangerine Maria Almeida, 2007. "Impact of Proximity to Light Rail Rapid Transit on Station-area Property Values in Buffalo, New York," Urban Studies, Urban Studies Journal Limited, vol. 44(5-6), pages 1041-1068, May.
    25. Hensher, David A. & Truong, Truong P. & Mulley, Corinne & Ellison, Richard, 2012. "Assessing the wider economy impacts of transport infrastructure investment with an illustrative application to the North-West Rail Link project in Sydney, Australia," Journal of Transport Geography, Elsevier, vol. 24(C), pages 292-305.
    26. Bhattacharjee, Sutapa & Goetz, Andrew R., 2012. "Impact of light rail on traffic congestion in Denver," Journal of Transport Geography, Elsevier, vol. 22(C), pages 262-270.
    27. ,, 1998. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 14(3), pages 381-386, June.
    28. ,, 1998. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 14(4), pages 525-537, August.
    29. Dabinett, G. & Gore, T. & Haywood, R. & Lawless, P., 1999. "Transport investment and regeneration. Sheffield: 1992-1997," Transport Policy, Elsevier, vol. 6(2), pages 123-134, April.
    30. ,, 1998. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 14(2), pages 285-292, April.
    31. Ghebreegziabiher Debrezion & Eric Pels & Piet Rietveld, 2007. "The Impact of Railway Stations on Residential and Commercial Property Value: A Meta-analysis," The Journal of Real Estate Finance and Economics, Springer, vol. 35(2), pages 161-180, August.
    32. Andrew Goetz, 2013. "Suburban Sprawl or Urban Centres: Tensions and Contradictions of Smart Growth Approaches in Denver, Colorado," Urban Studies, Urban Studies Journal Limited, vol. 50(11), pages 2178-2195, August.
    33. P Lawless, 1999. "Transport Investment and Urban Regeneration in a Provincial City: Sheffield, 1992–96," Environment and Planning C, , vol. 17(2), pages 211-226, April.
    34. Zhang, Ming & Wang, Lanlan, 2013. "The impacts of mass transit on land development in China: The case of Beijing," Research in Transportation Economics, Elsevier, vol. 40(1), pages 124-133.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Seidenglanz, Daniel & Kvizda, Martin & Nigrin, Tomáš & Tomeš, Zdeněk & Dujka, Jiří, 2016. "Czechoslovak light rail — Legacy of socialist urbanism or opportunity for the future?," Journal of Transport Geography, Elsevier, vol. 54(C), pages 414-429.
    2. Xu, Tao & Zhang, Ming & Aditjandra, Paulus T., 2016. "The impact of urban rail transit on commercial property value: New evidence from Wuhan, China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 91(C), pages 223-235.
    3. Mitra, Suman K. & Saphores, Jean-Daniel M., 2016. "The value of transportation accessibility in a least developed country city – The case of Rajshahi City, Bangladesh," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 184-200.
    4. Gadziński, Jędrzej & Radzimski, Adam, 2016. "The first rapid tram line in Poland: How has it affected travel behaviours, housing choices and satisfaction, and apartment prices?," Journal of Transport Geography, Elsevier, vol. 54(C), pages 451-463.
    5. Allen C. Goodman & Miron Stano, 2000. "Hmos and Health Externalities: A Local Public Good Perspective," Public Finance Review, , vol. 28(3), pages 247-269, May.
    6. Bettina Campedelli & Andrea Guerrina & Giulia Romano & Chiara Leardini, 2014. "La performance della rete ospedaliera pubblica della regione Veneto. L?impatto delle variabili ambientali e operative sull?efficienza," MECOSAN, FrancoAngeli Editore, vol. 2014(92), pages 119-142.
    7. Penn Loh & Zoë Ackerman & Joceline Fidalgo & Rebecca Tumposky, 2022. "Co-Education/Co-Research Partnership: A Critical Approach to Co-Learning between Dudley Street Neighborhood Initiative and Tufts University," Social Sciences, MDPI, vol. 11(2), pages 1-17, February.
    8. O'Brien, Raymond & Patacchini, Eleonora, 2003. "Testing the exogeneity assumption in panel data models with "non classical" disturbances," Discussion Paper Series In Economics And Econometrics 0302, Economics Division, School of Social Sciences, University of Southampton.
    9. YongSeog Kim & W. Nick Street & Gary J. Russell & Filippo Menczer, 2005. "Customer Targeting: A Neural Network Approach Guided by Genetic Algorithms," Management Science, INFORMS, vol. 51(2), pages 264-276, February.
    10. Yanling Li & Zita Oravecz & Shuai Zhou & Yosef Bodovski & Ian J. Barnett & Guangqing Chi & Yuan Zhou & Naomi P. Friedman & Scott I. Vrieze & Sy-Miin Chow, 2022. "Bayesian Forecasting with a Regime-Switching Zero-Inflated Multilevel Poisson Regression Model: An Application to Adolescent Alcohol Use with Spatial Covariates," Psychometrika, Springer;The Psychometric Society, vol. 87(2), pages 376-402, June.
    11. Oscar J. Cacho & Robyn L. Hean & Russell M. Wise, 2003. "Carbon‐accounting methods and reforestation incentives," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(2), pages 153-179, June.
    12. Walter M. Cadette, 1999. "Financing Long-Term Care: Options for Policy," Economics Working Paper Archive wp_283, Levy Economics Institute.
    13. Eggli, Yves & Halfon, Patricia & Chikhi, Mehdi & Bandi, Till, 2006. "Ambulatory healthcare information system: A conceptual framework," Health Policy, Elsevier, vol. 78(1), pages 26-38, August.
    14. M. A. Noor & E.A. Al-Said, 2002. "Finite-Difference Method for a System of Third-Order Boundary-Value Problems," Journal of Optimization Theory and Applications, Springer, vol. 112(3), pages 627-637, March.
    15. Yong He & Zhiyi Tan, 2002. "Ordinal On-Line Scheduling for Maximizing the Minimum Machine Completion Time," Journal of Combinatorial Optimization, Springer, vol. 6(2), pages 199-206, June.
    16. Henderson, James E. & Dunn, Michael A., 2007. "Investigating the Potential of Fee-Based Recreation on Private Lands in the Lower Mississippi River Delta," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34822, Southern Agricultural Economics Association.
    17. Eike Quilling & Birgit Babitsch & Kevin Dadaczynski & Stefanie Kruse & Maja Kuchler & Heike Köckler & Janna Leimann & Ulla Walter & Christina Plantz, 2020. "Municipal Health Promotion as Part of Urban Health: A Policy Framework for Action," Sustainability, MDPI, vol. 12(16), pages 1-10, August.
    18. Haeringer, Guillaume & Klijn, Flip, 2009. "Constrained school choice," Journal of Economic Theory, Elsevier, vol. 144(5), pages 1921-1947, September.
    19. Alireza Nili & Mary Tate & David Johnstone, 2019. "The process of solving problems with self-service technologies: a study from the user’s perspective," Electronic Commerce Research, Springer, vol. 19(2), pages 373-407, June.
    20. Chein-Shan Liu & Zhuojia Fu & Chung-Lun Kuo, 2017. "Directional Method of Fundamental Solutions for Three-dimensional Laplace Equation," Journal of Mathematics Research, Canadian Center of Science and Education, vol. 9(6), pages 112-123, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jotrge:v:54:y:2016:i:c:p:430-439. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-transport-geography .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.