Do new roads benefit the economy? Here's what we know | Henry Overman
There’s little evidence on the payback from investment in transport infrastructure. New research hopes to help change that
New investment in transport infrastructure is seen as a key plank of a modern industrial strategy, and is central to many local economic growth strategies. But what do we know about the economic benefits that such investment delivers, and how do we prioritise different schemes to maximise any positive impacts?
My ongoing research with co-authors Steve Gibbons, Rosa Sanchis and Teemu Lyytikäinen is providing evidence to help answer these questions. Our latest paper looks specifically at the impact of UK road investment on employment and finds that new investment can produce local economic benefits, even in a mature infrastructure network like the UK’s.
Source: Guardian Transport