Venables, Tony (2004) Evaluating urban transport improvements: cost benefit analysis in the presence of agglomeration and income taxation. CEPDP, 651. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753017814
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Abstract
There is a substantial empirical literature quantifying the positive relationship between city size and productivity. The paper draws out the implications of this productivity relationship for evaluations of urban transport improvements. A theoretical model is developed and used to derive a wider cost-benefit measure that includes productivity effects. The order of magnitude of such effects is illustrated by calculations in a simple computable equilibrium model. It is argued tht productivity effects, particularly when combined with distortionary taxation, are quantitatively important, substantially increasing the gains that are created by urban transport improvements.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 2004 Anthony J. Venables |
| Uncontrolled Keywords: | Agglomeration, productivity, urban transport |
| Library of Congress subject classification: | H Social Sciences > HE Transportation and Communications H Social Sciences > HB Economic Theory H Social Sciences > HJ Public Finance |
| Journal of Economic Literature Classification System: | R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R20 - General R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R42 - Government and Private Investment Analysis |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 651 |
| URL: | http://eprints.lse.ac.uk/2205/ |
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