Quantifying wider economic impacts of agglomeration for transport appraisal: existing evidence and future directions
File(s)QuantifyingWiderEconomicImpacts.pdf (8.82 MB)
Published version
Author(s)
Graham, Daniel
Gibbons, Stephen
Type
Journal Article
Abstract
This paper is concerned with the Wider Economic Impacts (WEIs) of transport improvements that arise via scale economies of agglomeration. It reviews the background theory and empirical evidence on agglomeration, explains the link between transport and agglomeration, and describes a three step procedure to appraise agglomeration impacts in a number of different settings. It includes new analytical work on measures of agglomeration and reports agglomeration-productivity elasticity estimates for the UK not previously published in the academic literature. The paper concludes with a set of recommendations for future empirical work on agglomeration and transport appraisal.
Date Issued
2019-09
Date Acceptance
2019-07-17
Citation
Economics of Transportation, 2019, 19
ISSN
2212-0122
Publisher
Elsevier
Journal / Book Title
Economics of Transportation
Volume
19
Copyright Statement
© 2019 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license
(http://creativecommons.org/licenses/BY-NC-ND/4.0/).
(http://creativecommons.org/licenses/BY-NC-ND/4.0/).
Subjects
Social Sciences
Science & Technology
Technology
Economics
Transportation
Business & Economics
Agglomeration
Transport
Cost benefit analysis
LOCAL WAGE RATES
CITY SIZE
PRODUCTIVITY
DENSITY
DETERMINANTS
INDUSTRIES
RETURNS
Publication Status
Published
Article Number
100121
Date Publish Online
2019-08-13