Link Between Transit Spending and Personal Income

Alan Hoback and Scott Anderson

No 207236, 51st Annual Transportation Research Forum, Arlington, Virginia, March 11-13, 2010 from Transportation Research Forum

Abstract: One of the biggest challenges in getting public acceptance of transit enhancements is making the case that it will benefit the entire public, not just the users. In the era of economic challenges, it is even more important to make the economic case for transit. Construction of transit systems are very large regional investments that have significant economic impact. This study confirms that the some projects are large enough so that they have an observable impact on personal income in a region. Transit spending and changes in personal income were compared in the top two dozen U.S. Combined Statistical Areas. During and after the projects there was a trend for income to rise.

Keywords: Financial Economics; Research and Development/Tech Change/Emerging Technologies; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 10
Date: 2010-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ndtr10:207236

DOI: 10.22004/ag.econ.207236

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