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Multiregional Model with Endogenous Price System for Evaluating Road Construction Projects

Author

Listed:
  • K Sasaki

    (Research Center for Applied Information Sciences, Tohoku University, 1-1-2-chome, Katahira, Sendai 980, Japan)

  • M Shinmei
  • S Kunihisa

Abstract

In this study, the intention is to build a nationwide multiregional economic model for evaluating the impacts of road construction projects, and to test the performance of such a model on the basis of the actual data. Special emphasis is put on capturing the effects of improvement in the transportation system via the decrease in prices owing to a reduction in transport costs. The model in this study, therefore, is equipped with the mechanism for tracing the effects of road construction projects on prices, which is a distinguishing feature compared with models thus far.

Suggested Citation

  • K Sasaki & M Shinmei & S Kunihisa, 1987. "Multiregional Model with Endogenous Price System for Evaluating Road Construction Projects," Environment and Planning A, , vol. 19(8), pages 1093-1114, August.
    • Handle: RePEc:sae:envira:v:19:y:1987:i:8:p:1093-1114
    DOI: 10.1068/a191093
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    References listed on IDEAS

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    1. N. Sakashita, 1974. "Systems Analysis In The Evaluation Of A Nation‐Wide Transport Project In Japan, Part I: Framework Of The Model," Papers in Regional Science, Wiley Blackwell, vol. 33(1), pages 77-95, January.
    2. Crow, Robert Thomas, 1979. "Output determination and investment specification in macroeconometric models of open regions," Regional Science and Urban Economics, Elsevier, vol. 9(2-3), pages 141-158.
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    Cited by:

    1. Bruinsma, F. & Nijkamp, P. & Rietveld, P., 1990. "Infrastructure and metropolitan development in an international perspective : survey and methodological exploration," Serie Research Memoranda 0056, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Bo Meng & Satoshi Inomata, 2011. "Impact of the Global Economic Crisis on Employment in the Asia-Pacific Region," Chapters, in: Satoshi Inomata (ed.), Asia Beyond the Global Economic Crisis, chapter 2, Edward Elgar Publishing.
    3. Polyzos Serafeim, 2009. "The Egnatia Motorway and The Changes in Interregional Trade in Greece: An Ex Ante Assessment," European Spatial Research and Policy, Sciendo, vol. 16(2), pages 23-47, December.

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