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A Framework for Determining Highway Truck-Freight Benefits and Economic Impacts

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  • Wang, Zun
  • Sage, Jeremy
  • Goodchild, Anne
  • Jessup, Eric
  • Casavant, Kenneth
  • Knutson, Rachel L.
Abstract
This paper proposes a method for calculating both the direct freight benefits and the larger economic impacts of transportation projects. The identified direct freight benefits included in the methodology are travel time savings, operating cost savings, and environmental impacts. These are estimated using regional travel demand models (TDM) and additional factors. Economic impacts are estimated using a regional Computable General Equilibrium (CGE) model. The total project impacts are estimated combining the outputs of the transportation model and an economic model. A Washington State highway widening project is used as a case study to demonstrate the method. The proposed method is transparent and can be used to identify freight specific benefits and generated impacts.

Suggested Citation

  • Wang, Zun & Sage, Jeremy & Goodchild, Anne & Jessup, Eric & Casavant, Kenneth & Knutson, Rachel L., 2013. "A Framework for Determining Highway Truck-Freight Benefits and Economic Impacts," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 52(2).
    • Handle: RePEc:ags:ndjtrf:207345
    DOI: 10.22004/ag.econ.207345
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    References listed on IDEAS

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    4. Allen, Benjamin J. & Baumel, C. Phillip, 1994. "Expanding the Set of Efficiency Gains of a Highway Investment: Conceptual, Methodological and Practical Issues," Staff General Research Papers Archive 11705, Iowa State University, Department of Economics.
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    Cited by:

    1. Tong, Tingting & Yu, Edward & Roberts, Roland K., 2014. "Dynamics of Transport Infrastructure, Exports and Economic Growth in the United States," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 53(1).

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