The report focuses on the economic development impacts of expenditures for state highway improvements. While the scope of the investigation should be viewed as preliminary and largely exploratory in nature, the results indicate that the economic development impacts of expenditures for state highway improvements can be substantial. The research project utilizes a modified version of the Regional Economic Impact Model for Highway Systems (REIMHS) to estimate the economic development impacts of proposed highway improvements in a rural highway corridor in Texas. Based on a review of previous research findings and preliminary testing of the modified REIMHS model, it does not appear to be unreasonable to assume that the monetary value of the economic development impacts resulting from highway investments are at least equal to the direct user benefits which have traditionally been the focus of highway economic analyses. The research report also presents several general recommendations concerning: (1) preliminary guidelines for estimating the economic development impacts of expenditures for state highway improvements, (2) additional refinement and testing of the modified REIMHS model, and (3) future research the Department should conduct and/or sponsor in the area of transportation and economic development.


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    Title :

    Economic Development Impacts of Expenditures for State Highway Improvements in Texas: Preliminary Findings


    Contributors:
    R. W. Stokes (author) / N. Pinnoi (author) / E. J. Washington (author)

    Publication date :

    1991


    Size :

    62 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English