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Cart or Horse: Transport and Economic Growth
Abstract This paper argues that transport is more c
This paper argues that transport is more cart than horse, in that transport improvements are not the most important driver of economic growth for most countries. Nevertheless there are circumstances in which transport is particularly important. Big transport breakthroughs – such as replacing walking with railways, or creating a highways network for the first time – do have big effects, but these are unlikely to be seen again in developed economies. Instead transport in developed economies is best seen as having a supporting role. If it is neglected, it can constrain growth, as congestion and unreliable transport systems can exact a heavy price. But as long as the transport system is “good enough”, the returns to greater transport investment will be relatively limited.
ort investment will be relatively limited.  +
Developer ITF +
Name Cart or Horse: Transport and Economic Growth  +
OpenEI/PageKeyword Cart or Horse: Transport and Economic Growth  + , Energy  + , ITF  +
OpenEI/Tool/URI  +
Tool-subcategory LEDS Global Partnership Tools  + , Transportation Toolkits  +
ToolComplexity Not Available  +
TransportToolkit/AvoidShiftImprove Shift  + , Improve  +
TransportToolkit/KeyActions Evaluate System  +
TransportToolkit/Regions Europe  + , Global  +
TransportToolkit/Topics Public Transport & Infrastructure  + , Planning & Governance  + , Policy Instruments  + , Development Impact Assessment  +
TransportToolkit/Type Scholarly Articles  +
Website  +
Categories Tools , LEDS Global Partnership Tools , Transportation Toolkits
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
04:06:26, 22 August 2014  +
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