Expanding cities and connecting cities: the wider benefits of better communications
The economic effects of transport improvements accrue through three main mechanisms. The first is direct cost saving. The second occurs if there are urbanisation economies. The third arises if there are city-task level economies of scale (localisation economies), and applies principally to inter-cit...
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| Format: | Journal article |
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University of Bath
2017
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| _version_ | 1797090515439583232 |
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| author | Venables, A |
| author_facet | Venables, A |
| author_sort | Venables, A |
| collection | OXFORD |
| description | The economic effects of transport improvements accrue through three main mechanisms. The first is direct cost saving. The second occurs if there are urbanisation economies. The third arises if there are city-task level economies of scale (localisation economies), and applies principally to inter-city improvements which enable cities to specialise in particular sectors or tasks. This paper develops an integrated framework which captures these mechanisms and derives multipliers to give their welfare impact. Gains from specialisation and scale economies may be large, although a transport improvement may be a necessary but not sufficient condition for the gains to be achieved. |
| first_indexed | 2024-03-07T03:19:44Z |
| format | Journal article |
| id | oxford-uuid:b7042131-f3ca-42c9-aa20-2f79a378ea72 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T03:19:44Z |
| publishDate | 2017 |
| publisher | University of Bath |
| record_format | dspace |
| spelling | oxford-uuid:b7042131-f3ca-42c9-aa20-2f79a378ea722022-03-27T04:45:22ZExpanding cities and connecting cities: the wider benefits of better communicationsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:b7042131-f3ca-42c9-aa20-2f79a378ea72Symplectic Elements at OxfordUniversity of Bath2017Venables, AThe economic effects of transport improvements accrue through three main mechanisms. The first is direct cost saving. The second occurs if there are urbanisation economies. The third arises if there are city-task level economies of scale (localisation economies), and applies principally to inter-city improvements which enable cities to specialise in particular sectors or tasks. This paper develops an integrated framework which captures these mechanisms and derives multipliers to give their welfare impact. Gains from specialisation and scale economies may be large, although a transport improvement may be a necessary but not sufficient condition for the gains to be achieved. |
| spellingShingle | Venables, A Expanding cities and connecting cities: the wider benefits of better communications |
| title | Expanding cities and connecting cities: the wider benefits of better communications |
| title_full | Expanding cities and connecting cities: the wider benefits of better communications |
| title_fullStr | Expanding cities and connecting cities: the wider benefits of better communications |
| title_full_unstemmed | Expanding cities and connecting cities: the wider benefits of better communications |
| title_short | Expanding cities and connecting cities: the wider benefits of better communications |
| title_sort | expanding cities and connecting cities the wider benefits of better communications |
| work_keys_str_mv | AT venablesa expandingcitiesandconnectingcitiesthewiderbenefitsofbettercommunications |