Do the selected Trans European transport investments pass the cost benefit test?

Proost, Stef; Dunkerley, Fay; Loo, Saskia van der; Adler, Nicole; Bröcker, Johannes; Korzhenevych, Artem

doi:10.1007/s11116-013-9488-z

Cited by 29 publications

(12 citation statements)

References 22 publications

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“…State and federal HSR investment programs are important policy tools for promoting the economic growth in specific regions, typically economically-prosperous metropolitan areas. But there is considerably debate about the effectiveness of transport improvements in spurring regional cohesion and growth in developed countries such as South Korea, France, Germany, and Spain [2][3][4][5].…”

Section: Introductionmentioning

confidence: 99%

Evaluating the Impact of China’s Rail Network Expansions on Local Accessibility: A Market Potential Approach

Liang

2016

Sustainability

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This paper uses a market potential approach to examine the evolution of the rail transport network of China and its spatial distributional impacts on local accessibility, with a particular focus on high-speed rail improvements. Accessibility is measured by using a "market potential" function that was derived from the general equilibrium model of the economic geography literature, and is empirically calculated based on Geographical Information System (GIS) techniques. A key finding, albeit from a highly stylized model, is that rail improvements may help raise territorial polarizing patterns across counties. The results point to the profound implications of railroad network expansion on the accessibility dynamics in periphery regions relative to core regions.

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Section: Introductionmentioning

confidence: 99%

Evaluating the Impact of China’s Rail Network Expansions on Local Accessibility: A Market Potential Approach

Liang

2016

Sustainability

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“…A particular transport investment decreases transport costs between specific regions, which translates into changes in production activities, trade patterns, and ultimately the welfare level of consumers residing in different regions. There are three main findings for this first round of EU transport priority projects (Proost et al, 2014). First, only 12 of the 22 projects pass the costbenefit analysis test.…”

Section: Assessing Transport Investments Using Case Studiesmentioning

confidence: 91%

Regional Disparities and Efficient Transport Policies

Proost

Thisse²

2017

Economics Without Borders

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This chapter addresses the economics of regional disparities and transport policies in the European Union, offering an explanation for the uneven development of regions. We show that recent developments in spatial economics highlight the fact that trade is costly and location still matters. Since the drop in transport costs and the emergence of a knowledge-based economy, the proximity to natural resources has been replaced by new drivers of regional growth that rely on human capital and cognitive skills. Regions with a high market potentialthose where demand is high and transport costs low -are likely to attract more firms and pay higher wages, which leads to sizable and lasting regional disparities. As a consequence, investments in interregional transport policies may not deliver their expected effects. In addition, new information and communication devices foster the fragmentation of the supply chain and the decentralization of activities.

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“…For medium to long distance transport, some high speed rail projects are difficult to justify. Several of the projects on the Trans European Network priority list that were eligible for additional EU-funding also have a poor social rate of return (Proost et al, 2013). This illustrates the importance of detailed ex ante evaluation of large-scale investment projects.…”

Section: Complementary Public Transport Policiesmentioning

confidence: 99%

Tax and Regulatory Policies for European Transport Getting There, But in the Slow Lane

Borger

Proost

2015

SSRN Journal

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This paper reviews policy developments in the EU transport sector. The EU has successfully introduced the external cost concept into policy thinking. In the policy orientations, there has been too much emphasis on climate and energy objectives. Also modal share objectives are popular among policy makers but are not a good guideline for transport policies. The transition from high fuel taxes to distance charges has begun for trucks, but the charges need to be differentiated according to place and time. The same transition will also develop for cars, as soon as implementation costs have been reduced and public acceptance has improved. EU transport policy priorities can be to allow and promote the progressive substitution of high diesel and gasoline taxes by other car and truck user charges that depend on place and time, to scale back overambitious implementation of biofuel and electric car policies and reorient resources to R&D for cleaner vehicles, to efficiently regulate distance charges for trucks and to assure an unbiased assessment of infrastructure investment needs. Member country priorities can be to move away from high vehicle ownership and fuel taxes to local congestion charges; the extra burden on motorists might be offset by scaling back vehicle excise taxes and to complement the introduction of road pricing with peak-load pricing for public transport. 1 We thank Ian Parry for several rounds of detailed suggestions, and Herman Vollebergh, Kurt Van Dender and the participants of the CESIfo/EC/IMF/PBL conference on "Energy Tax and regulatory policy in Europe: reform priorities and research needs" (Munich, nov 2014) for useful comments on a first draft. We are grateful to EIBurs program for financial support and to Chau Man Fung for research assistance. transport 3. Airplanes, cars and trucks use almost exclusively oil products and are the most carbon intensive activities in the transport sector. Passengers (€ct/vkm for cars and buses and €ct/tkm or pkm for rail and air) Freight (€ct/vkm for trucks and €ct/tkm for rail) Urban (20%) Medium to long distance (80%) local Medium to long distance Cars (70%) Other (30%) Cars (80%) Rail, air (20%) Trucks (100%) Trucks (72%) Rail, ship, pipeline (28%)

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Do the selected Trans European transport investments pass the cost benefit test?

Cited by 29 publications

References 22 publications

Evaluating the Impact of China’s Rail Network Expansions on Local Accessibility: A Market Potential Approach

Evaluating the Impact of China’s Rail Network Expansions on Local Accessibility: A Market Potential Approach

Regional Disparities and Efficient Transport Policies

Tax and Regulatory Policies for European Transport Getting There, But in the Slow Lane

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