Economic Impacts and Transportation Projects
Publication: Journal of Transportation Engineering
Volume 112, Issue 3
Abstract
Insights into available methods of evaluating the economic impact of transportation projects or programs on the state or local economy are presented. Applications as examples of analysis potential rather than on the methodologies used in the anlysis are examined. Three quantitative economic models are used to generate the examples: (1) The Economic Impact Forecast System model available through the Univ. of Illinois Environmental Technical Information System; (2) the Regional Economic Models, Incorporated model used by the Illinois Department of Energy and Natural Resources; and (3) the Regional Science Research Institute model available through the Northern Illinois Univ. Center for Governmental Studies. The use of these models in evaluating the economic impact from implementation of transportation projects or programs is shown. Applications vary from estimation of the impacts of project implementation to scenario testing for alternative capital programs. Descriptions of model data requirements and output are provided, as well as general descriptions of model characteristics.
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References
1.
Jarzab, J. T., “Use of quantitative models to identify socio‐economic effects of transportation investments,” Operations Review 1, pp. 19–30.
2.
Richardson, H. W., Input‐Output and Regional Economics, John Wiley & Sons, New York, N.Y., 1972, pp. 118–122.
3.
Stevens, B. H., Treyz, G. I., Ehrlich, D. J., and Bower, J. R., “A new technique for the construction of non‐survey regional input‐out models,” International Regional Science Review, Vol. 8, No. 3, 1983, pp. 271–286.
4.
Treyz, G., and Ehrlich, D., Illinois Forecast and Simulation Model, unpublished, pp. 1–12.
5.
Webster, R. D., et al., Development of the Economic Impact Forecast System (EIFS), U.S. Army Corps of Engineers Construction Engineering Research Laboratory, Champaign, Ill., 1978, pp. 1–16.
Information & Authors
Information
Published In
Journal of Transportation Engineering
Volume 112 • Issue 3 • May 1986
Pages: 276 - 286
Copyright
Copyright © 1986 ASCE.
History
Published online: May 1, 1986
Published in print: May 1986
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