This paper discusses a number of issues centred around the evaluation of the benefits and costs of transport. It is argued that, for various reasons, transport cannot be treated as an ‘ordinary’ economic sector, and in the paper the policy implications of a number of the sector’s...

The paper describes the development of a spatial computable general equilibrium(SCGE) model aimed atestimating the indirect economic effects arising from a large scale of transportproject (Tokai-HokurikuExpressway) in the Chubu (meaning central) region in Japan. We have adopted ajoint parameter...

The paper uses an applied general equilibrium model, calibrated to the situation in Belgium in 1990, to evaluate the welfare effects of small policy changes in the presence of transport externalities. The model incorporates three types of externalities: congestion, which has a feedback effect on...