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date: 19 February 2020

Abstract and Keywords

The assessment of wider economic impacts from transport projects has become more widespread, but still provokes considerable debate. This chapter reviews the theoretical and empirical basis of such impacts and shows how the argument has developed, from a straightforward assessment of the way changes in the effective density of labor markets impact on productivity, to arguments about the transformational effects of megaprojects on the economy as a whole. It is concluded that although there are firm foundations for the existence of such additional impacts, more still needs to be done to establish a robust methodology for their acceptance.

Keywords: transport projects, economic impacts, productivity, transformation, labor markets, methodology

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