Description
This book reviews the history of the debate surrounding transport investment and its potential effects on economic development. It argues that the agenda has changed, and that new methods of evaluation are needed in order to assess the benefits of transport projects. The book then presents a series of case studies examining the economic development impacts of road, rail and airport projects.
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. 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.
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