Published: September 2021 | Category: Economic prosperity , Research programme , Research & reports
Transport projects are increasingly used to transform places, rather than just to increase or improve transport links. One example is the ‘dynamic clustering’ (increasing density) of businesses, residences and people in areas affected by the project, which should be included in its appraisal. In this study, researchers assessed if, how, and how much transport interventions trigger dynamic clustering. They also investigated ways to assess the economic impact of dynamic clustering.
Keywords: best practice, cost–benefit analysis, dynamic agglomeration, dynamic clustering, economic appraisal, economic impact analysis, transport intervention, welfare impacts