Mobility and Development, Spring 2022 : Innovations, Policies and Practices
The traditional approach to valuing the benefits of transport investments overlooks their wider economic impacts. Traditional cost-benefit analysis of road projects focuses on estimating the value of time savings that result from upgrading infrastr...
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Washington, DC: World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099656304082228337/IDU05fb516180cea7041800b46e019cb267a32d0 http://hdl.handle.net/10986/37282 |
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okr-10986-372822022-04-09T05:10:40Z Mobility and Development, Spring 2022 : Innovations, Policies and Practices World Bank MOBILITY ON DEMAND MOBILITY AS A SERVICE GREEN TRANSPORT URBAN ACCESSIBILITY ACTIVE MOBILITY The traditional approach to valuing the benefits of transport investments overlooks their wider economic impacts. Traditional cost-benefit analysis of road projects focuses on estimating the value of time savings that result from upgrading infrastructure to improve the volume and speed of transit. While these benefits are important and have often been enough in and of themselves to justify significant road investments, they overlook the fundamental ways in which transport improvements reshape patterns of economic activity, or in a sense the value of what is moving along any road corridor. In that sense, the traditional approach underestimates the true economic impact of roads. New spatial data can bring new light on the welfare gains of transport investments for households and firms. The increasing availability of spatial data for infrastructure networks, and household and firm surveys has greatly improved the way we investigate whether infrastructure investments have an impact on prices, jobs, consumption, or productivity. A new body of emerging research applies these novel techniques to examine the links between roads, complementary infrastructures, and development extensively across many African countries. This article will review the main findings of this new research in a nontechnical format accessible to practitioners, making the emerging evidence readily available to a wider audience. The research has been sponsored by the Chief Economist’s Office of the Infrastructure Vice Presidency of the World Bank, in partnership with the Transport Global Practice as well as Infrastructure (INF) and Equitable Growth, Finance and Institutions (EFI) teams in the Africa East and West Regions and the Office of the Director for Regional Integration in Africa. 2022-04-08T20:01:30Z 2022-04-08T20:01:30Z 2022-03-31 Report http://documents.worldbank.org/curated/en/099656304082228337/IDU05fb516180cea7041800b46e019cb267a32d0 http://hdl.handle.net/10986/37282 English Mobility and Development;Spring 2022 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MOBILITY ON DEMAND MOBILITY AS A SERVICE GREEN TRANSPORT URBAN ACCESSIBILITY ACTIVE MOBILITY |
| spellingShingle |
MOBILITY ON DEMAND MOBILITY AS A SERVICE GREEN TRANSPORT URBAN ACCESSIBILITY ACTIVE MOBILITY World Bank Mobility and Development, Spring 2022 : Innovations, Policies and Practices |
| relation |
Mobility and Development;Spring 2022 |
| description |
The traditional approach to valuing
the benefits of transport investments overlooks their wider
economic impacts. Traditional cost-benefit analysis of road
projects focuses on estimating the value of time savings
that result from upgrading infrastructure to improve the
volume and speed of transit. While these benefits are
important and have often been enough in and of themselves to
justify significant road investments, they overlook the
fundamental ways in which transport improvements reshape
patterns of economic activity, or in a sense the value of
what is moving along any road corridor. In that sense, the
traditional approach underestimates the true economic impact
of roads. New spatial data can bring new light on the
welfare gains of transport investments for households and
firms. The increasing availability of spatial data for
infrastructure networks, and household and firm surveys has
greatly improved the way we investigate whether
infrastructure investments have an impact on prices, jobs,
consumption, or productivity. A new body of emerging
research applies these novel techniques to examine the links
between roads, complementary infrastructures, and
development extensively across many African countries. This
article will review the main findings of this new research
in a nontechnical format accessible to practitioners, making
the emerging evidence readily available to a wider audience.
The research has been sponsored by the Chief Economist’s
Office of the Infrastructure Vice Presidency of the World
Bank, in partnership with the Transport Global Practice as
well as Infrastructure (INF) and Equitable Growth, Finance
and Institutions (EFI) teams in the Africa East and West
Regions and the Office of the Director for Regional
Integration in Africa. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mobility and Development, Spring 2022 : Innovations, Policies and Practices |
| title_short |
Mobility and Development, Spring 2022 : Innovations, Policies and Practices |
| title_full |
Mobility and Development, Spring 2022 : Innovations, Policies and Practices |
| title_fullStr |
Mobility and Development, Spring 2022 : Innovations, Policies and Practices |
| title_full_unstemmed |
Mobility and Development, Spring 2022 : Innovations, Policies and Practices |
| title_sort |
mobility and development, spring 2022 : innovations, policies and practices |
| publisher |
Washington, DC: World Bank |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099656304082228337/IDU05fb516180cea7041800b46e019cb267a32d0 http://hdl.handle.net/10986/37282 |
| _version_ |
1764486881384333312 |