Quantifying wider economic impacts of agglomeration for transport appraisal: existing evidence and future directions

Daniel J. Graham and Stephen Gibbons

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: Agglomeration; Cost benefit analysis; Transport (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2019-09-01
New Economics Papers: this item is included in nep-tre and nep-ure
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Citations: View citations in EconPapers (31)

Published in Economics of Transportation, 1, September, 2019, 19. ISSN: 2212-0122

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http://eprints.lse.ac.uk/101610/ Open access version. (application/pdf)

Related works:
Journal Article: Quantifying Wider Economic Impacts of agglomeration for transport appraisal: Existing evidence and future directions (2019)
Working Paper: Quantifying wider economic impacts of agglomeration for transport appraisal: existing evidence and future directions (2018)
Working Paper: Quantifying wide economic impacts of agglomeration for transport appraisal: existing evidence and future directions (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:101610

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