Evaluating Urban Transport Improvements: Cost-Benefit Analysis in the Presence of Agglomeration and Income Taxation

Anthony Venables

Journal of Transport Economics and Policy, 2007, vol. 41, issue 2, 173-188

Abstract: There is a substantial empirical literature quantifying the positive relationship between city size and productivity. This paper studies the implications of that relationship for evaluations of urban transport improvements. A theoretical model is developed and used to derive a cost-benefit measure that includes the impact of transport improvements on city size and hence on the productivity of new and existing city workers. The size of such effects is illustrated in a simple computable equilibrium model. It is argued that these productivity effects, particularly when combined with distortionary taxation, are quantitatively important, substantially increasing the gains attributable to urban transport improvements. © 2007 LSE and the University of Bath

Date: 2007
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Related works:
Working Paper: Evaluating Urban Transport Improvements: Cost Benefit Analysis in the Presence of Agglomeration and Income Taxation (2004)
Working Paper: Evaluating urban transport improvements: cost benefit analysis in the presence of agglomeration and income taxation (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:41:y:2007:i:2:p:173-188

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