ITEM METADATA RECORD
Title: Cost-benefit analysis of transport investments in distorted economies
Authors: Calthrop, Edward ×
De Borger, Bruno
Proost, Stef #
Issue Date: 2010
Publisher: Pergamon Press
Series Title: Transportation Research B, Methodological vol:44 pages:850-869
Abstract: This paper deals with cost-benefit analysis of investment in transport infrastructure. Its contribution is twofold. Firstly, we develop a general equilibrium model to explore the impact of a small budgetary-neutral investment in transport infrastructure in a secondbest setting, where other markets in the economy are distorted by taxes or external costs. The model incorporates different transport modes that are used both for intermediate inputs (freight) and for final consumption (passenger travel). An intuitive operational expression for the net economic benefit of an investment is derived that depends on the way the investment is financed. This expression generalizes recent findings in the literature. Secondly, we illustrate the results numerically using a small example. Our findings show that both the specific financing instrument used and the labour market consequences may have large implications for the net benefits of transport investments. Significant errors may be made in limiting cost-benefit analysis to transport markets only.
ISSN: 0191-2615
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of Energy, Transport and Environment, Leuven
× corresponding author
# (joint) last author

Files in This Item:
File Description Status SizeFormat
SP - Cost-Benefit analysis of transport investments in distorted economies.pdf Published 395KbAdobe PDFView/Open Request a copy

These files are only available to some KU Leuven Association staff members

 




All items in Lirias are protected by copyright, with all rights reserved.

© Web of science