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Traffic safety evaluation is one of the most important processes in analyzing transportation systems performance. Traditional methods like statistical models and before-after comparisons have many drawbacks, such as limited time periods, sample size problems, and reporting errors. The advancement of traffic conflict techniques combined with microsimulation offers a potentially innovative way for conducting safety assessment of traffic systems even before safety improvements are implemented. In this paper, simulation-based safety studies are reviewed, and a modified simulation-based surrogate safety measure and a new simulation-based surrogate safety measure that can capture the probability of collisions, as well as the severity of these potential collisions, are proposed. Conceptual and computational logic of the proposed surrogate safety indicators are described in detail. These surrogate safety indices are initially proposed for link-based analysis and should not be used for other purposes, such as intersection safety assessment, without further enhancements, and the use of these indices should be limited to the analysis of linear conflicts. In addition, these link-based indices are extended to be able to conduct aggregate networkwide safety assessments. The proposed indices are validated by means of a well-calibrated traffic simulation model of a section of the New Jersey Turnpike and real accident data from the same section. Preliminary results indicate a strong relationship between the proposed surrogate safety measures and real accident data. Further research is needed to investigate these new surrogate safety indices under different locations and traffic conditions.

Numerous studies have found positive correlation between transportation infrastructure investment and economic development. Basically these studies use a conventional production function model augmented by a public capital input, mainly highways, rail and other transportation facilities. While the range of the measured economic growth effects varies widely among studies, the positive elasticity between transportation investment and economic development is now commonly accepted. Still a major puzzling issue is that the magnitude of the measured effect seems to decline significantly as the econometric model is further refined, mainly with regard to space and time lags. That is, the use of national or state data produces elasticity results, which are much larger than when using county or municipality data. Similarly, when we introduce into the econometric model a lag between the times when the transportation investments are made and when the economic benefits transpire, the measured elasticities decline with the size of the lag. Thus, the main objective of this paper is to investigate these issues analytically and empirically and provide a plausible explanation. We do so by using alternative econometric models, applying them to a database, which is composed of longitudinal state, county and municipality observations from 1990 to 2000. The key result is that transportation investments produce strong spillover effects relative to space and time. Unless these factors are properly accounted for many reported empirical results are likely to be overly biased, with important policy implications. Copyright Springer Science+Business Media B.V. 2006highway investment, private capital, public capital, spillover effects, time lags,

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