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| Author | : Glen Weisbrod |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2015 |
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| Total Pages | : |
| Release | : 2016 |
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Transport project prioritisation and selection processes require consideration of many aspects of costs, intended benefits and other impacts. Economic analysis methods can measure many of those factors, though the analysis methods must be specified in ways that meet the information needs of decision-makers. This paper examines how benefit-cost analysis, economic impact analysis and multi-criteria analysis approaches have evolved and been applied to address the specific form of governmental decision processes that exist in the U.S. and some other countries. It discusses how "ex-post" case studies and associated statistical studies of have been promoted and utilised to both inform and refine "ex-ante" evaluation methods. It concludes by discussing the advantages, limitations and trade-offs involved in the use of this approach for transport project decision-making.
| Author | : International Transport Forum |
| Publisher | : OECD Publishing |
| Total Pages | : 140 |
| Release | : 2017-01-25 |
| Genre | : |
| ISBN | : 9282108090 |
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 ...
| Author | : Elvira Haezendonck |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 248 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : |
Revisiting traditional evaluation methods such as cost-benefit analysis, this book tries to find a balance between the ever-increasing demand for transport solutions and the limited means governments are able to invest in transport projects.
| Author | : European Conference of Ministers of Transport |
| Publisher | : Paris, France : European Conference of Ministers of Transport |
| Total Pages | : 220 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : |
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. It argues for proper account to be taken of all relevant economic weaknesses -- those the project is designed to address such as local monopoly pricing, those associated with use of the infrastructure such as environmental externalities, and possible unintended consequences such as impacts on local labour markets. Care must also be taken to verify that net benefits are likely to accrue to those that the project was intended to benefit. Building on recent groundbreaking work in the United Kingdom this publication suggests ways to improve traditional cost-benefit assessments, overcoming reservations that have inhibited the use of CBA in many countries. The main report is completed with examinations of transport project assessment approaches in France, Germany, the United Kingdom and across Europe together with a discussion of an approach to determining optimal levels of investment in transport infrastructure for maximising socio-economic welfare.
| Author | : International Transport Forum |
| Publisher | : OECD Publishing |
| Total Pages | : 208 |
| Release | : 2008-07-24 |
| Genre | : |
| ISBN | : 9789282101605 |
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.
| Author | : Stephen Fitzroy |
| Publisher | : |
| Total Pages | : |
| Release | : 2014 |
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This paper presents the results of research recently conducted by the authors on ex-post analysis focused on the long-term economic impacts of transportation system investments in the United States (US). For a variety of reasons, the US has had a tradition of making transport investments to address economic development goals and applying ex-post analysis to assess achievement of economic development impacts. These past studies are reviewed, as are some of the deficiencies and suggested improvements in methods for ex-post analysis. The paper also reviews methods to refine ex-post analysis of economic development in the US via the Transportation Impact Project Case Studies (TPICS) system developed as a national database of land and economic development impact studies. The paper concludes with a series of recommendations for broader distribution and support for the tools and methods developed in TPICS, and an assessment of the challenges facing wider adoption and application of the ex-post analysis in the US context. Specific adoption and implementation issues and opportunities are addressed in the context of the US Department of Transportation's TIGER (Transportation Investment Generating Economic Recovery) discretionary grant program.
| Author | : Mike Iacono |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
Transportation analysts and the public decision-makers they support are confronted with a broad range of analytical tools for estimating the economic impacts of improvements to transportation networks. Many of the available models operate at different scales and have distinctly different structures, making them more or less appropriate for analyzing the impacts of different types of projects. Here, we review several of the economic methods and models that have been developed for analyzing the impact of transportation improvements, giving special attention to types of projects that add highway capacity in urban areas. We review project-based methods, including benefit-cost analysis and several analytical software tools developed by the Federal Highway Administration (FHWA) for economic analysis of transportation investment. We then move on to aggregate and disaggregate-level econometric methods, including regional economic models, hedonic price functions, production functions and cliometric analyses. We also devote some attention to the role of induced demand in economic evaluation, since it is often one of the most uncertain and confounding factors faced by those charged with conducting economic evaluation of transportation projects.
| Author | : |
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| Total Pages | : |
| Release | : 2008 |
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| Author | : Tom Worsley |
| Publisher | : |
| Total Pages | : 20 |
| Release | : 2014 |
| Genre | : Transportation |
| ISBN | : |
Ex-post evaluation can be used to serve multiple purposes at the core of which is the improvement of ex-ante analysis: - It can help policy-makers better identify the kinds of projects that work best in certain situations; - It can identify the effect of concurrent non-transportation investments and their interaction with transportation investments; - It can contribute to establishing the time frames in which we expect to see economic impacts materialize, thereby helping to set realistic expectations for the effect of investments and economic development; - We can make use of findings of ex-post assessments to support communication with the public, improve the information provided, and support consensus-building efforts.
