Economic Role of Transport Infrastructure: Theory and Models

The type, and quality of transportation infrastructure can greatly affect the economies of countries, regions and cities, both positively and negatively. Selecting the best infrastructure projects, with the most economic impact, is imperative for transportation policymakers and planners in both the developed and developing worlds. Transportation Infrastructure and Economic Growth: Theory, Models, and Empirical Evidence 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. Transportation Infrastructure and Economic Growth: Theory, Models, and Empirical Evidence discusses empirical evidence organized from a transport mode point of view, inspiring researchers to conduct comparative analysis, for various infrastructure projects.

Transportation Infrastructure and Economic Growth: Theory, Models, and Empirical Evidence explains infrastructure’s impact on economic growth through theoretical frameworks, including exogenous growth models, endogenous growth models, and new economic geography models. Readers will also learn tips for conducting infrastructure project impact studies, and improving the effectiveness of infrastructural investments design.

Explains and evaluates economic effects of transport infrastructure investments, including direct and indirect, short run and long run impact, as well as local and spillover outcomesProvides up-to-date coverage of quantitative techniques and empirical results for transportation and economic impact issuesExplains steps for conducting impact studies for proposed infrastructure projectsAnalyzes infrastructure’s role on economic growth through theoretical, methodological, and empirical perspectivesFeatures case studies describing real-world methods

1. Introduction
2. Theoretical framework
3. Empirical Approaches
4. Empirical Evidence
5. Current issues and conclusions