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The Wider Economic Benefits of Transport : Macro-, Meso- and Micro-Economic Transport Planning and Investment Tools

Author: Organisation for Economic Co-operation and Development.; International Transport Forum.
Publisher: [Paris] : OECD Publishing, 2008.
Series: Round table (Transport Research Centre), no. 140.
Edition/Format:   eBook : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
Of Discussions -- Recent Evolution of research into the Wider Economic Benefit of Transport Infrastructure Investments -- The Wider Economic Benefits of Transportation -- Wider Economic Benefits of Investments in Transport -- Agglomeration Economies and Transport Investment -- Transport Infrastructure inside and across Urban Regions -- The Broarder Benefits of Transportation Infrastructure -- Progress and Challenges
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Material Type: Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Organisation for Economic Co-operation and Development.; International Transport Forum.
ISBN: 9789282101834 9282101835
OCLC Number: 702617842
Description: 208 pages.
Series Title: Round table (Transport Research Centre), no. 140.
Responsibility: Organisation for Economic Co-operation and Development and International Transport Forum.

Abstract:

Of Discussions -- Recent Evolution of research into the Wider Economic Benefit of Transport Infrastructure Investments -- The Wider Economic Benefits of Transportation -- Wider Economic Benefits of Investments in Transport -- Agglomeration Economies and Transport Investment -- Transport Infrastructure inside and across Urban Regions -- The Broarder Benefits of Transportation Infrastructure -- Progress and Challenges in the Application of Economic Analysis for transport Policy and Decidion Making.

The standard cost-benefit analysis of transport infrastructure investment projects weighs a project's costs against users' benefits. This approach has been challenged on the grounds that it ignores wider economic impacts of such projects. At this International Transport Forum Round Table, leading academics and practitioners addressed these concerns and examined a range of potential approaches for evaluating wider impacts - negative as well as positive. They concluded that for smaller projects, it is better to focus on timely availability of results, even if this means forgoing sophisticated analysis of wider impacts. For larger projects or investment programs, customized analysis of these effects is more easily justifiable. Creating consistent appraisal procedures is a research priority.

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