Agglomeration, Productivity and Transport Investment

By Daniel J. Graham. Journal of Transport Economics and Policy, 2007

415 citations recorded by the source corpus.

This paper is concerned with the links between agglomeration, productivity, and transport investment. It develops an econometric model to investigate the relationship between the density of economic activity and productivity for different sectors of the UK economy. The motivation for exploring this theme is to test whether there might be any external agglomeration benefits that arise from the provision of transport infrastructure but that are not included in standard transport appraisals. The results show that there are positive externalities from increasing urban densities and that these can be substantial, particularly for service industries.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/707487068ab61cf4478206abe357736eeaaa8052

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Strategy and Management

Citations in the corpus

High-speed rail networks, economic integration and regional specialisation in China and Europe (2015, background): “Note that this is the sector generating the greatest elasticity to changing accessibility in the study of Graham (2007).”
Air transport and economic growth: a review of the impact mechanism and causal relationships (2020, methodology): “The heterogeneity among regions or country-pairs is TRANSPORT REVIEWS 519 investigated by, for example, Mukkala and Tervo (2013), Van De Vijver et al. (2014), and Hakim and Merkert (2016) for Europe, Asia-Pacific, and South Asia, respectively.”
Can transport infrastructure change regions’ economic fortunes? Some evidence from Europe and China (2017, methodology): “Whilst this can be shown theoretically and numerically, empirical testing is more difficult, but using the framework of Venables (2007), Graham (2007) related productivity change using firm level data to changes in the economic mass (effective employment density) of a location.”
The productivity of transport infrastructure investment: A meta-analysis of empirical evidence (2013, background): “In practice, the presence of market failures (particularly, externalities) legitimates the addition of wider economic impacts from transport projects to CBA (Venables, 2007; Graham, 2007; Graham and Dender, 2011).”
A meta-analysis of estimates of urban agglomeration economies (2009, background): “While some studies adopt a distance-unrestricted market potential measure (e.g. Graham, 2007a; Graham, 2007c; Graham and Kim, 2008), others separate the distance-unrestricted market potential function into a set of successive distance-band measures (e.g. Rice et al., 2006; Rosenthal and Strange,…”
Can high-speed rail have a transformative effect on the economy? (2017, background): “Empirical support was provided by Graham (2007).”
Do Public Transport Improvements Increase Agglomeration Economies? A Review of Literature and an Agenda for Research (2011, methodology): “As noted above, Rice et al. (2006) and Graham (2007a) did not investigate any redistribution of economic activity, instead defining “agglomeration” as accessibility to employment, and therefore, these studies investigated only the first type of agglomeration impact.”