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We analyse the behaviour of market participants in a multi-modal commuter network where roads are not priced, but public transport has a usage fee, which is set while taking the effects on the roads into account. In particular, we analyse the difference between markets with a monopolistic public...
Persistent link: https://www.econbiz.de/10013098542
The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Countries need to adopt policies to `get closer` to global markets. Can improvements in infrastructure and regulation reduce transport costs? Is it worthwhile to implement policies...
Persistent link: https://www.econbiz.de/10013068170
This paper estimates the impacts of road improvements on local employment and specialization in Mexico for 1986-2014, through changes in access to domestic markets and travel costs to ports and the U.S. border. Instrumenting for road placement endogeneity and addressing the recursion problem in...
Persistent link: https://www.econbiz.de/10012944832
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...
Persistent link: https://www.econbiz.de/10013009845
This paper surveys the theoretical and empirical literature on the relationship between the spatial distribution of economic activity and transportation costs. We develop a multi-region model of economic geography that we use to understand the general equilibrium implications of transportation...
Persistent link: https://www.econbiz.de/10013052110
A significant amount of resources is spent every year on the improvement of transportation infrastructure in developing countries. In this paper, we investigate the effects of one such large project, the Golden Quadrilateral in India. We do so using a model of internal trade with variable...
Persistent link: https://www.econbiz.de/10012916939
Despite large amounts invested in rural roads in developing countries, little is known about their benefits. This paper derives an expression for the willingness-to-pay for a reduction in transport costs from the canonical agricultural household model and uses it to estimate the benefits of a...
Persistent link: https://www.econbiz.de/10012552270