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Economic Benefits of Investments in Transport Infrastructure

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  • Jeffrey P. Cohen

    (University of Hartford)

Abstract

This paper begins by motivating the need for including “wider economic effects” when conducting transport infrastructure appraisal, followed by a discussion of various techniques to do so. The major focus is on studies from the cost function perspective that incorporate spillover benefits from public infrastructure capital, with a presentation of applications on highways, airports, and ports infrastructure stocks. The substantial differences between approaches focusing on “narrow” and “wider” impacts is evaluated, along with discussion of how application of the tools of spatial econometrics has facilitated estimation of models that capture wider economic benefits.

Suggested Citation

  • Jeffrey P. Cohen, 2007. "Economic Benefits of Investments in Transport Infrastructure," OECD/ITF Joint Transport Research Centre Discussion Papers 2007/13, OECD Publishing.
    • Handle: RePEc:oec:itfaaa:2007/13-en
    DOI: 10.1787/234665400468
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    Cited by:

    1. Zhenhua Chen & Kingsley Haynes, 2015. "Multilevel assessment of public transportation infrastructure: a spatial econometric computable general equilibrium approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 663-685, May.
    2. Marinos, Theocharis & Belegri-Roboli, Athena & Michaelides, Panayotis G. & Konstantakis, Konstantinos Ν., 2022. "The spatial spillover effect of transport infrastructures in the Greek economy (2000–2013): A panel data analysis," Research in Transportation Economics, Elsevier, vol. 94(C).
    3. Tong, Tingting & Yu, Tun-Hsiang Edward & Cho, Seong-Hoon & Jensen, Kimberly & De La Torre Ugarte, Daniel, 2013. "Evaluating the spatial spillover effects of transportation infrastructure on agricultural output across the United States," Journal of Transport Geography, Elsevier, vol. 30(C), pages 47-55.
    4. Zhenhua Chen, 2013. "Spatial Impact of Transportation Infrastructure: A Spatial Econometric CGE Approach," ERSA conference papers ersa13p241, European Regional Science Association.
    5. Chen, Zhenhua & Haynes, Kingsley E., 2013. "Transportation Capital in the US: A Multimodal General Equilibrium Analysis," Conference papers 332323, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Nikolaos Thomopoulos & Susan Grant-Muller, 2013. "Incorporating equity as part of the wider impacts in transport infrastructure assessment: an application of the SUMINI approach," Transportation, Springer, vol. 40(2), pages 315-345, February.
    7. Dieter Bogai & Mirko Wesling, 2011. "Beschäftigungseffekte von Großflughäfen: Eine kritische Bestandsaufnahme," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 31(1), pages 75-91, June.
    8. Kumari, Anita & Kumar Sharma, Anil, 2017. "Infrastructure financing and development: A bibliometric review," International Journal of Critical Infrastructure Protection, Elsevier, vol. 16(C), pages 49-65.
    9. Johannes Bröcker, 2012. "Wider economic benefits from communication cost reductions: an endogenous growth approach," ERSA conference papers ersa12p1165, European Regional Science Association.
    10. Zhenhua Chen & Kingsley E. Haynes, 2015. "Regional Impact of Public Transportation Infrastructure," Economic Development Quarterly, , vol. 29(3), pages 275-291, August.
    11. Thomopoulos, Nikolaos & Grant-Muller, Susan, 2013. "Incorporating equity as part of the wider impacts in transport infrastructure assessment: an application of the SUMINI approach," LSE Research Online Documents on Economics 60073, London School of Economics and Political Science, LSE Library.

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