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1997•Transportation JournalRequires access

A MODEL-PROCEDURE FOR ESTIMATING ECONOMIC IMPACTS OF ALTERNATIVE TYPES OF HIGHWAY IMPROVEMENT

M W Babcock, M. Jarvin Emerson, M Prater

Open publisher page 12 citations

Abstract

While there is universal agreement among economists that government programs whose benefits exceed their costs represent an efficient use of resources, practical application of this economic law has been thwarted by the difficulty of measuring the benefits of public programs. The primary purpose of this article is to present a methodology to measure some of the economic benefits of state highway programs. This study offers a model-procedure to estimate income, output, and employment impacts of specific types of highway improvement within a regional context.

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What this paper is about

While there is universal agreement among economists that government programs whose benefits exceed their costs represent an efficient use of resources, practical application of this economic law has been thwarted by the difficulty of measuring the benefits of public programs. The primary purpose of this article is to present a methodology to measure some of the economic benefits of state highway programs. This study offers a model-procedure to estimate income, output, and employment impacts of specific types of highway improvement within a regional context.

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OpenAlex reports 12 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

While there is universal agreement among economists that government programs whose benefits exceed their costs represent an efficient use of resources, practical application of this economic law has been thwarted by the difficulty of measuring the benefits of public programs. The primary purpose of this article is to present a methodology to measure some of the economic benefits of state highway programs. This study offers a model-procedure to estimate income, output, and employment impacts of specific types of highway improvement within a regional context.

Key concepts: Context (archaeology), Measure (data warehouse), Government (linguistics), Cost–benefit analysis, Economic analysis, Economic impact analysis, Transport engineering, Economics

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A MODEL-PROCEDURE FOR ESTIMATING ECONOMIC IMPACTS OF ALTERNATIVE TYPES OF HIGHWAY IMPROVEMENT — Research Paper | ScholarLens