Agglomeration benefits and costs of investing in urban transport infrastructure

Haakon Vennemo () and Haakon Vennemo ()
Additional contact information
Haakon Vennemo: Oslo Metropolitan University, Norway
Haakon Vennemo: Vista Analyse AS, Norway
Authors registered in the RePEc Author Service: Haakon Vennemo

Insights into Regional Development, 2023, vol. 5, issue 1, 59-71

Abstract: Theory and evidence suggest that a city owes its existence to an agglomeration benefit. An investment in urban transportation infrastructure may increase this benefit. While some years ago the agglomeration benefit of urban transportation was just a vague idea, recently its size has been estimated and the idea has gained concreteness and respectability. However, the theoretical literature has emphasized the agglomeration benefit that arises through immigration and higher population, while the empirical literature has emphasized the benefit that arises from effective density at constant population. A third strand of the literature has discussed transportation of goods. We bring together these theoretical and empirical literatures, and discuss which agglomeration benefits and costs are relevant for major categories of urban passenger and freight transport investment.

Keywords: transport; agglomeration; effective density; cost-benefit analysis (search for similar items in EconPapers)
JEL-codes: H43 H54 R13 R42 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jssidoi.org/ird/uploads/articles/17/Vennem ... t_infrastructure.pdf (application/pdf)
https://jssidoi.org/ird/article/125 (text/html)

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:ssi:jouird:v:5:y:2023:i:1:p:59-71

DOI: 10.9770/ird.2023.5.1(4)

Access Statistics for this article

Insights into Regional Development is currently edited by Manuela Tvaronaviciene

More articles in Insights into Regional Development from VsI Entrepreneurship and Sustainability Center
Bibliographic data for series maintained by Manuela Tvaronaviciene ().