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Quantifying wide economic impacts of agglomeration for transport appraisal: existing evidence and future directions

Graham, Daniel J. and Gibbons, Stephen (2018) Quantifying wide economic impacts of agglomeration for transport appraisal: existing evidence and future directions. CEP Discussion Papers (CEPDP1561). Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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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.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2018 The Authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HE Transportation and Communications
JEL classification: R - Urban, Rural, and Regional Economics > R1 - General Regional Economics
R - Urban, Rural, and Regional Economics > R4 - Transportation Systems
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 11 Jan 2019 10:26
Last Modified: 15 Jul 2019 23:26
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/91682

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