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Economics and the Road Programme

Economics and the Road Programme

This article criticises the bases on which trunk road schemes are evaluated by the Department of the Environment. traffic forecasts should relate car ownership to household characteristics rather than to the individual; small time savings should be ignored; by-passes should be judged on their value to the environment and not only on financial costs/benefits.

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Modelling Vehicle Ownership and Use in Low Income Countries

The objective is to develop a forecasting framework designed to provide medium term projections. The models relate ownership and use of vehicles to a set of socio-economic variables for a large sample of the poorest countries in the world. In addition to estimation of elasticities and other relevant parameters, some sample forecasts are produced.

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