A major concern of all decision makers has been to ensure that there are clearbenefits from transport investment proposals. The travel time savings areclear but... » 

A major concern of all decision makers has been to ensure that there are clearbenefits from transport investment proposals. The travel time savings areclear but the wider economic developments have presented enormous difficultyin terms of both theoretical arguments and empirical evidence. This bookreviews the history of the debate and argues that the agenda has changed. Theseissues are presented together with a major analytical investigation ofmacroeconomic models evaluation in transport and microeconomic approaches. Thefinal part of the book presents a series of case studies for road rail andairport investment schemes particularly focusing on the economic developmentaspects. «