In this study, the intention is to build a nationwide multiregional economic model for evaluating the impacts of road construction projects, and to test the performance of such a model on the basis of the actual data. Special emphasis is put on capturing the effects of improvement in the transportation system via the decrease in prices owing to a reduction in transport costs. The model in this study, therefore, is equipped with the mechanism for tracing the effects of road construction projects on prices, which is a distinguishing feature compared with models thus far.
Get full access to this article
View all access options for this article.
References
1.
CrowR T, 1979, “Output determination and investment specification in macroeconometric model of open regions”Regional Science and Urban Economics9141–158
2.
HudsonE AJorgensonD W, 1976, “Tax policy and energy conservation” in Econometric Studies of US Energy Policy Ed. JorgensonD WNorth-Holland, Amsterdam) chapter 2, pp 9–94
3.
LiewC KLiewC J, 1984a, “Measuring the development impact of a proposed transportation system”Regional Science and Urban Economics14175–198
SakashitaN, 1974, “Systems analysis in the evaluation of a nationwide transport project in Japan. Part 1: Framework of the model”Papers of the Regional Science Association3377–98
6.
WilsonA G, 1970Entropy in Urban and Regional Modelling (Pion, London)
