Economic Benefits of Investment in Transport Infrastructure

OECD/ITF Joint Transport Research Centre Discussion Papers, No. 2007/13, OECD Publishing, Paris

Posted: 8 Aug 2016

See all articles by Jeffrey Cohen

Jeffrey Cohen

University of Connecticut - School of Business

Date Written: December 2007

Abstract

This paper begins by motivating the need for including "wider economic effects" when conducting transport infrastructure appraisal, followed by a discussion of various techniques to do so. The major focus is on studies from the cost function perspective that incorporate spillover benefits from public infrastructure capital, with a presentation of applications on highways, airports, and ports infrastructure stocks. The substantial differences between approaches focusing on "narrow" and "wider" impacts is evaluated, along with discussion of how application of the tools of spatial econometrics has facilitated estimation of models that capture wider economic benefits

Keywords: transportation infrastructure, wider economic benefits

JEL Classification: R4

Suggested Citation

Cohen, Jeffrey, Economic Benefits of Investment in Transport Infrastructure (December 2007). OECD/ITF Joint Transport Research Centre Discussion Papers, No. 2007/13, OECD Publishing, Paris, Available at SSRN: https://ssrn.com/abstract=2819615

Jeffrey Cohen (Contact Author)

University of Connecticut - School of Business ( email )

368 Fairfield Road
Storrs, CT 06269-2041
United States

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