Spatial economic dynamics in transport project appraisal

James Lennox

Economic Modelling, 2023, vol. 127, issue C

Abstract: Major transport projects can alter the distribution of population and employment as households and firms respond to changes in accessibility. These land use changes can affect the distribution and scale of benefits delivered. However, models used in transport project appraisal often assume fixed land uses. A dynamic spatial model (DSM) of the economy can quantify land use changes and the level and spatial distribution of welfare impacts resulting from changed travel times. Effects of project expenditures, funding and financing are also accounted for.

Keywords: Dynamic spatial equilibrium; Land use change; Project appraisal; Internal migration; Commuting (search for similar items in EconPapers)
JEL-codes: R12 R13 R23 R42 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Spatial economic dynamics and transport project appraisal (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:127:y:2023:i:c:s0264999323002766

DOI: 10.1016/j.econmod.2023.106464

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