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Transport and the economy: a 21st century approach

Author

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  • John Whitelegg

    (Stockholm Environment Institute, Universidad de York)

Abstract

This article interrogates over 30 years of transport and economics research into the relationships between transport investments and desirable economic development results. It finds the evidence in favour of this virtuous relationship at best weak and in most respects non-existent. Investing in new highways, airports and other large transport infrastructure projects does not appear to generate the anticipated economic development benefits. There is, however, compelling evidence that de-coupling policies to improve competitiveness and quality of life through reducing the demand for transport, emissions and oil dependence does encourage gains in economic performance.

Suggested Citation

  • John Whitelegg, 2010. "Transport and the economy: a 21st century approach," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 73(01), pages 128-147.
    • Handle: RePEc:ekz:ekonoz:2010109
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    More about this item

    Keywords

    transport; economy; transport investment; decoupling;
    All these keywords.

    JEL classification:

    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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