ECOPAC - Econometrics of Impacts
Overview
Background & policy context:
Major investments in transport infrastructure, such as the Trans-European Transport Network (TEN-T), place a high demand on public resources. The responsible authorities are placing increasing emphasis on evaluating not only the costs and benefits from a transport perspective (such as savings in travel time) but also the wider socio-economic impact of the projects such as production and employment. Moreover, for the TEN-T there is a requirement to assess effects at a network level, looking at how the entire investment programme could influence the environment and regional development. Therefore, decision-makers need tools for estimating these wider socio-economic and spatial impacts.
Objectives:
The aim of the ECOPAC project was to provide a method for determining the socio-economic impact of transport infrastructure investments and transport system improvements, particularly the 'structuring' effect on employment due to increased investment by other sectors of the economy in the vicinity of new transport infrastructure.
Share this page