Previous analyses conducted by the Federal Highway Administration (FHWA) are used to project year-by-year economical impacts of changes in highway performance out to 1995. In the principal scenario examined, highway performance is allowed to deteriorate over time. This leads to a reduction in aggregate economic welfare in terms of higher prices and of lower levels of production, employment, disposable income consumption expenditures, and labor productivity. The most adversely affected individual sectors are for-hire trucking and highway construction firms and their suppliers. Industries that would be helped include tires and bus, truck, and trailer bodies. Family vehicle miles traveled (VMT) is projected to decline by 26 percent in the low-investment scenario. In the scenario in which there is rapid improvement in highway performance, the projected economic changes are generally opposite to those in the low-investment scenario.


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    Title :

    Highways and the Economy


    Contributors:
    S. E. Butler (author) / W. E. Gazda (author) / R. J. Horn (author) / C. G. Schneider (author) / R. T. Smith (author)

    Publication date :

    1983


    Size :

    137 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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