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date: 21 August 2018

Abstract and Keywords

The transportation system plays a crucial multifaceted role in the functioning, growth, and development of urban and regional economies. It shapes, is shaped by, as well as leads urban growth. Transport economics is concerned with developing analytical tools and approaches to understanding, managing, and optimizing the structure and functioning of transportation and related markets within regional and urban economies. This article outlines the components and roles of the transportation system in urban contexts. It describes the main themes and concerns of transport economics and the delivery of optimal transport systems for urban economies. It also sets out the benefits of the transportation system. Urban economies require high levels of movements to function and grow. The challenge for planners is to integrate the total transport system to optimize efficiency while facilitating constant improvements in the quality of life for citizens in a sustainable manner.

Keywords: transportation system, urban economies, transport economics, analytical tools, urban growth, markets

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