1997•XIIIth World meeting of the International Road FederationInternational Road FederationRequires access
ESTIMATING ECONOMIC IMPACTS OF ALTERNATE TYPES OF HIGHWAY IMPROVEMENT
M W Babcock, M. Jarvin Emerson, M Prater, E R Russell
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Abstract
State highway policy makers often request that state Departments of Transportation supply economic impact information regarding highway programs. Currently most DOTs are unable to provide accurate assessments of this nature. Increasingly state DOTs attempt to justify their budget requests by estimating the economic benefits of their proposed highway projects. The primary purpose of this paper is to present a model procedure to measure some of the economic benefits of state highway programs. The paper demonstrates how the model procedure can be used by state DOTs to answer important highway policy questions. These include economic justification of the state highway program, the employment impact of the program, and measurement of the economic impact of alternative highway priorities.