Policy Seminar: "General equilibrium effects of transport infrastructure"

Time: 13.00-14.30 hours
Location: CPB-office, Van Stolkweg 14, The Hague

Presentation: Coen Teulings (UvA, Cambridge)

Discussant: Jan Rouwendal (VU)

Language: Dutch

Registration:  Please register by sending an email to polinars@cpb.nl.

Abstract subject:
Measures of the benefits of transport infrastructure investments are critical inputs into the policy making process. We suggest a methodology that allows to value various effects of transport investments via land prices. For this purpose we build a spatial general equilibrium model that explicitly models transport infrastructure as a network connecting different economic locations with various transportation modes. The model allows to disentangle and calculate the relative importance of various economic effects induced by transport infrastructure, including the effects on: travel times, modal split, thickening of labor markets, firms’ productivity, spatial distribution of economic activities. We estimate the parameters of the model from Dutch data and apply the model to evaluate the benefits of a number of infrastructural projects.

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