Spatial Economic Analysis for Intercity Transport Policies

This chapter analyses the economic impacts of intercity transport policy by measuring the direct and indirect benefits of the policy. The impacts of an intercity transport policy show at first as changes in traffic volume, price and travel time, and then, propagated into non-transport markets such as real estate market (buildings and land). Urban development around a new terminal such as a railway station is a typical impact propagated from the transport market to the real estate market.