Wider Economic Benefits of Investments in Transport Corridors and the Role of Complementary Policies

Wider Economic Benefits of Investments in Transport Corridors and the Role of Complementary Policies
Author: Martin Melecky
Publisher:
Total Pages: 48
Release: 2018
Genre: Transportation
ISBN:

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This paper estimates the impact of the Golden Quadrilateral and North-South-East-West Highways in India on welfare, social inclusion, and environmental quality. The analysis uses district-level data for 1994-2011 and the difference-in-difference method. The results suggest that the highways shifted employment from the farm to the nonfarm sector, and that this shift was accompanied by an increase in output per capita. However, there is no evidence of an impact on household expenditure per capita, the poverty rate, or the incidence of regular wage employment. The results suggest that the highways caused an increase in air pollution. The effects of the highways are heterogeneous, depending on conditions in local factor and product markets.

Transport Corridors and Their Wider Economic Benefits

Transport Corridors and Their Wider Economic Benefits
Author: Mark Roberts
Publisher:
Total Pages: 55
Release: 2018
Genre:
ISBN:

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Transport corridors can generate wider economic benefits and costs through their effects on a potentially diverse set of development outcomes, such as economic growth, poverty, jobs, equity, environmental quality, and economic resilience. To advance understanding of how corridors could generate wider economic benefits, this paper undertakes a quantitative review of the literature that estimates the economic benefits of large transport infrastructure projects. It conducts a meta-analysis of 234 estimated impacts found in 78 studies. It focuses on roads, rails, and waterways because transport corridors based on these modes have clearer potential for economic spillovers than, for example, airline routes. The conceptual structure for the review is guided by a simple canonical model describing the policy maker's problem in maximizing the net wider economic benefits of corridors. The meta-analysis confirms that characteristics of individual studies, as well as the placement and design of the transport infrastructures systematically influence the findings of the corridor studies. It also shows that, on average, estimated impacts of corridor interventions on economic welfare and equity tend to be beneficial, while they are often detrimental for environmental quality, and possibly also for social inclusion. Because, around this average, impacts vary widely, policy makers could use complementary policies and institutions to mitigate potential trade-offs and support losers. To clarify the nature and extent of these trade-offs and varied impacts across locales and population groups, much more research is required.

The WEB of Transport Corridors in South Asia

The WEB of Transport Corridors in South Asia
Author: Asian Development Bank;JICA;UKAID;World Bank
Publisher: World Bank Publications
Total Pages: 403
Release: 2018-03-19
Genre: Business & Economics
ISBN: 1464812160

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The WEB of Transport Corridors in South Asia develops a holistic appraisal methodology to ensure that economic benefits of investments in transport corridors are amplified and more widely spread, and possible negative impacts such as congestion, environmental degradation, and other unintended consequences are minimized. It focuses on South Asia—not only as one of the world’s most populous and poorest regions—but as a hinge between East Asia, Central Asia, the Middle East, and Europe. The book is aimed at politicians, technocrats, civil society organizations, and businesses. It presents case studies of past and recent corridor initiatives, provides rigorous analysis of the literature on the spatial impact of corridors, and offers assessments of corridor investment projects supported by international development organizations. A series of spotlights examines such issues as private sector co-investment; the impacts of corridors on small enterprises and women; and issues with implementing cross-border corridors. The 'WEB' in the title stands for both the wider economic benefits (WEB) that transport corridors are expected to generate and the complex web of transport corridors that has been proposed. The appraisal methodology introduced in this book shows how the web of interconnected elements around corridors can be disentangled and the most promising corridor proposals—the ones with the greatest wider economic benefits—can be selected.

Transport Corridors and Their Wider Economic Benefits

Transport Corridors and Their Wider Economic Benefits
Author: Mark Roberts
Publisher:
Total Pages: 0
Release: 2020
Genre:
ISBN:

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Transport corridors can generate both wider economic benefits (WEBs) and costs through their effects on diverse development outcomes. To advance understanding of how corridors could generate WEBs, this paper undertakes a quantitative review and meta-analysis of the literature that estimates the impacts of large transport infrastructure projects. The analysis finds that characteristics of individual studies and the design of the transport infrastructure influence estimated benefits. It also shows that, on average, while corridor interventions tend to benefit economic welfare and equity, they often detrimentally impact the environment. To mitigate trade-offs, policymakers can consider using complementary interventions.

Economic Role of Transport Infrastructure

Economic Role of Transport Infrastructure
Author: Claudio Ferrari
Publisher: Elsevier
Total Pages: 312
Release: 2018-10-23
Genre: Social Science
ISBN: 0128130970

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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

ITF Round Tables The Wider Economic Benefits of Transport Macro-, Meso- and Micro-Economic Transport Planning and Investment Tools

ITF Round Tables The Wider Economic Benefits of Transport Macro-, Meso- and Micro-Economic Transport Planning and Investment Tools
Author: International Transport Forum
Publisher: OECD Publishing
Total Pages: 208
Release: 2008-07-08
Genre:
ISBN: 9282101835

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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.

Transport Investment and Economic Development

Transport Investment and Economic Development
Author: David Banister
Publisher: Routledge
Total Pages: 383
Release: 2003-08-29
Genre: Architecture
ISBN: 1135802718

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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.

Impact of Transport Infrastructure Investment on Regional Development

Impact of Transport Infrastructure Investment on Regional Development
Author: OECD
Publisher: OECD Publishing
Total Pages: 153
Release: 2002-05-23
Genre:
ISBN: 9264193529

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This report describes evaluation methods for transport infrastructure investments to ensure that scarce resources are allocated in a way that maximises their net return to society.