This Round Table challenges the standard cost-benefit analysis of transport infrastructure investment projects on the grounds that it ignores wider economic impacts of such projects.
This report sets out several of the recent advances, and suggests the most promising approaches, to the quantification and valuation of some of the wider economic benefits that flow from transport-related development. Economic appraisal can offer decision-makers important insights into the ...
This book makes a major contribution to the debate and is directed at researchers, decision makers and students who are interested in the wider economic development impacts of transport.
This book discusses the full economic benefits - and costs - of transport infrastructure and explores ways to make good estimates of the full impact of planned investments on regional and national economies.
This paper collects meta data on transport corridor projects financed by the Asian Development Bank, Japan International Cooperation Agency, and World Bank and links them to one important wider economic benefit-local economic activity. The meta data cover 47 projects in 16 countries, with appraisal dates between 1991 and 2007. First, the paper reviews the variation in project design and implementation-including the local initial conditions, complementary non-transport interventions, and private sector involvement. Second, using the difference-in-differences methodology, the paper links this variation to a measure of local economic activity-the geocoded intensity of nighttime lights. The effect of the supported corridor projects on local economic activity could be very heterogenous and significantly depend on certain initial conditions and project characteristics. The latter could include locations with access to the sea, as well as projects with a strong theory of change and better engagement of the private sector.
This report discusses the state of the art in understanding the economic effects of major transport infrastructure projects. It examines the limits of socio-economic cost-benefit analysis (CBA) and reviews the development of approaches to assessing the benefits of investment in large projects.
Standard Transport Appraisal Methods, Volume 6 in the Advances in Transport Policy and Planning series, assesses both successful and unsuccessful practices and policies from around the world. Chapters in this new release include Transport models, Cost-Benefit Analysis, Value of Travel Time Savings and reliability, Value of Statistical Life, Wider economic benefits, Multi-criteria analysis, Best-Worst Method, Participatory Value Evaluation, Ex-post evaluation, Sustainability assessment, Evaluating Transport Equity, Environmental Impact Assessment, Decision-Support Systems, Deliberative appraisal methods, Critique on appraisal methods, Appraisal methods in developing countries, Research agenda for appraisal methods, and much more. Provides the authority and expertise of leading contributors from an international board of authors Presents the latest release in the Advances in Transport Policy and Planning series