EconPapers    
Economics at your fingertips  
 

Economic and environmental impact of the new Mediterranean Rail Corridor in Andalusia: A dynamic CGE approach

Manuel Alejandro Cardenete () and R. López-Cabaco

Transport Policy, 2021, vol. 102, issue C, 25-34

Abstract: Transport is one the most important sectors in the economy, but it also implies some cost, as it is responsible for an important amount of gas emissions, which favours the greenhouse effect (GHE) and climate change. In Spain, the sector of transport represents the 25% of total greenhouse sources. From this perspective, the impact of transport is important not only from an economic perspective but also in terms of its environmental impact. The transport of cargo is also responsible for an important amount of these emissions, as it represents more than 30% of all modes of transport's GHG emissions. The objective of this paper is to apprise the long-term environmental and economic impact in Andalusia of the new rail infrastructure known as Mediterranean Corridor. It will absorb an important part of the transport of cargo by road from the Port of Algeciras, which is one of the most important in Spain and an important node of this rail corridor. The effect is simulated through the use of a Computational General Equilibrium (CGE) model with a dynamic component, the vector of GHG emissions and calibrated with the Social Accounting Matrix (SAM) of 2013 of Andalusia with the modes of transport disaggregated. The results show how positive is the economic impact of this infrastructure, but also how environmental benefits outweigh economic ones, arising the need of assessing also environmental impacts and not only the economic ones.

Keywords: Computed general equilibrium; Rail transport; Andalusia; Mediterranean corridor; Economic impact analysis (search for similar items in EconPapers)
JEL-codes: C68 H54 L92 O18 O25 Q55 R11 R40 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X20309446
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:102:y:2021:i:c:p:25-34

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tranpol.2020.12.007

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2022-08-21
Handle: RePEc:eee:trapol:v:102:y:2021:i:c:p:25-34