As matters now stand, the planned investment in transport infrastructure cannot accomodate the growth in demand that will result from increased flows of traffic. Moreover, such investment has a whole range of effects on regional development, wealth distribution, and public well-being. The need...

The distribution of transport infrastructure across space is the outcome of deliberate government planning that reflects a desire to unlock the welfare gains from regional economic integration. Yet, despite being one of the oldest government activities, the economic forces shaping the endogenous...