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Quantifying Wider Economic Impacts of Agglomeration for Transport Appraisal: Existing Evidence and Future Directions

Stephen Gibbons and Daniel J. Graham

CEP Discussion Papers from Centre for Economic Performance, LSE

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 for transport schemes within Cost Benefit Analysis (CBA). The paper concludes with a set of recommendations for future empirical work on agglomeration and transport appraisal.

Keywords: agglomeration; transport; cost benefit analysis (search for similar items in EconPapers)
JEL-codes: R1 R4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-tre and nep-ure
Date: 2018-07
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