Regional Economic Impacts from Transportation and Infrastructure Investments
B Leung, Scott Nystrom, Zilin Cui, Regional Economic Models Inc., US
This presentation investigates how investments in transportation networks influence regional economies and demography.
This presentation investigates how investments in transportation networks influence regional economies and demography. Using Regional Economic Models, Inc.?s (REMI) TranSight model, we will detail how a transportation project influences the local industrial mixture through changing labor productivity, labor access, and commodity access. In addition, we will examine transportation?s hold over major macroeconomic indicators like gross domestic or regional product (GDP or GRP), employment opportunity and occupational growth, tax revenue, migration, personal income, and the cost of living. The term ?region? is very flexible in this analysis?it can include any combination of countries, provinces, states, cities, or other geographical subdivisions. Thus, our case study here involves the planned Strait of Messina Bridge and its economic and demographic impacts on the future development of the Sicilian economy, as well as the rest of Italy and Europe.
Association for European Transport