The tools and techniques of econometrics are conventionally used in the estimation and testing of relationships between different economic variables, and their application features in the literature of transport economics.
This paper seeks to make use of econometrics in a wider field to solve a number of economic problems that crop up in investment decisions on road development in developing countries.
This study is divided into four sections with a brief conclusion. Section 1 deals with the problems that should be taken into account when taking investment decisions on road systems. In Section 2, an attempt is made to show how econometric tools can be applied in sorting out those problems. Section 3 highlights the limitations of the approach, and in Section 4, a case study is undertaken to verify the applicability of the model in reality.
An econometric approach to the planning of road development in developing countries
Transport Reviews ; 6 , 3 ; 273-286
1986-07-01
Article (Journal)
Electronic Resource
Unknown
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