Economic Role of Transport Infrastructure: Theory and Models helps evaluate the economic effects of transport infrastructure investments within a cost-benefit framework for maximum economic impact. The book analyzes the primary empirical approaches used to gauge the economic effects of transport infrastructures, providing in-depth discussions on data issues, input-output techniques, and econometric methodologies. Users will find empirical evidence organized from a transport mode point-of-view, inspiring researchers to conduct comparative analysis for various infrastructure projects. Topics cover infrastructure’s impact on economic growth using theoretical frameworks, including exogenous growth models, endogenous growth models, and new economic geography models.
In addition, readers will also learn tips for conducting infrastructure impact studies and how to improve the effectiveness of infrastructural investments design.
- Explains and evaluates the economic effects of transport infrastructure investments, including direct and indirect, short and long run impact, and local and spillover outcomes
- Provides up-to-date coverage of quantitative techniques and empirical results for transportation and economic impact issues
- Explains the steps for conducting impact studies for proposed infrastructure projects
- Analyzes infrastructure’s role on economic growth through theoretical, methodological and empirical perspectives
- Features case studies describing real-world methods
| Preface |
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vii | |
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1 | (4) |
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2 The Economics of Transport Infrastructure |
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5 | (34) |
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2.1 The Elements of the Transport Networks |
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6 | (12) |
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2.2 The Cost Structure of Transport Infrastructure |
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18 | (11) |
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2.3 The Life Cycle of Transport Infrastructure |
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29 | (7) |
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2.4 Toward Smart Infrastructures |
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36 | (3) |
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3 Transport Infrastructure and Economic Activity: Theoretical Issues |
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39 | (28) |
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3.1 Exogenous Growth Models |
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42 | (2) |
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3.2 Endogenous Growth Models |
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44 | (5) |
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3.3 The Spatial Distribution of Economic Activity |
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49 | (1) |
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3.4 The Core-Periphery Model |
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50 | (2) |
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3.5 Extensions of the Basic Model |
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52 | (7) |
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59 | (5) |
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64 | (3) |
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67 | (18) |
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67 | (5) |
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4.2 Measurements of Transport Systems |
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72 | (9) |
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4.3 Data for Systems' Evaluation |
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81 | (4) |
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85 | (30) |
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5.1 The Goal(s) to Be Achieved |
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86 | (3) |
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5.2 The Cost---Benefit Analysis |
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89 | (16) |
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5.3 Multicriteria Analysis |
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105 | (4) |
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5.4 The Correct Timing" of Investment Appraisal |
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109 | (1) |
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5.5 Input---Output Analysis |
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110 | (5) |
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6 The Econometrics of Transport Infrastructures |
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115 | (66) |
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6.1 The Role of Economic Theory |
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118 | (13) |
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6.2 Econometric Approaches |
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131 | (44) |
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6.3 The Level of Analysis |
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175 | (4) |
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179 | (2) |
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7 The Economic Effects of Transport Infrastructures: A Critical Review of the Empirical Evidence |
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181 | (60) |
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7.1 The Effects of Transport Infrastructures on Production: A Review of Some Meta-Analysis |
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182 | (10) |
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7.2 The Effects of Transport Infrastructures on Various Economic Outcomes: A Selected Review of Recent Empirical Studies |
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192 | (42) |
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7.3 The Effects of Transport Infrastructures on Production: A Conclusion |
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234 | (7) |
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8 Application and Policies |
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241 | (26) |
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8.1 Transport Investment Policies |
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241 | (16) |
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8.2 The Role of Funding in Shaping the Transport Network |
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257 | (4) |
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8.3 The Link Between Policy, Research, and Current Investments |
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261 | (6) |
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267 | (4) |
| References |
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271 | (22) |
| Index |
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293 | |
Claudio Ferrari is Associate Professor of Applied Economics at the University of Genoa, Genoa, Italy, and member of the scientific board of the Italian Centre of Excellence for Integrated Logistics. He is also General Secretary of the Italian Society of Transport Economics and Logistics. His research focuses on transport economics, transport planning and regional economics, namely with regards to ports, and transport infrastructures. He has been published in top journals, including Elseviers Transport Policy, Research in Transportation Business and Management, Research in Transportation Economics, and Transportation Research Part A: Policy and Practice. Anna Bottasso is a Professor in the Department of Economics at the University of Genoa, and is a member of the Italian Centre of Excellence for Integrated Logistics. Her expertise includes industrial organization, regulation, transport, and applied economics. She has been published on various topics, such as efficiency and productivity measurement, economics of local public services and network industries, such as water and transport, in journals, including Elseviers Transport Policy, and Transportation Research Part A: Policy and Practice. Maurizio Conti is Associate Professor in the Department of Economics at the University of Genoa, and is a member of the Italian Centre of Excellence for Integrated Logistics. His expertise includes labor economics, industrial organization, regulation, transport and applied economics. He has been published on various topics, such as efficiency and productivity measurement, economics of local public services and network industries, such as water and transport, in journals, including Elseviers Transport Policy, and Transportation Research Part A: Policy and Practice. Alessio Tei is a Lecturer in Maritime Economics at Newcastle University, Newcastle upon Tyne, United Kingdom. His research has focused on the relationship between transport systems and economic growth, including the role of specific transport Policy tools in promoting economic development. He has been published in several journals, including Elseviers Transport Policy, and Transportation Research Part A: Policy and Practice.
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