Transport investment in railways to generate knowledge transfer from interfirm worker mobility
Piekkola, Hannu (2016)
Vaasan yliopisto
2016
Julkaisun pysyvä osoite on
http://urn.fi/URN:ISBN:978-952-476-667-8:
http://urn.fi/URN:ISBN:978-952-476-667-8:
Kuvaus
vertaisarvioimaton
Tiivistelmä
An analysis using extensive Finnish microdata reveals new insights into economic returns on transport investments. Cost-benefit analysis is combined with returns to new intangible and human capital from interfirm worker mobility.
Halving travel time to one hour in the Helsinki-Turku railway corridor increases commuting by 40% and yields annual returns of 30 million 2015€ in time savings and travel costs and 40-50 million € from new intangible and human capital. Two-thirds of gains are from new intangible capital, and one-third is from new human capital. These are largely explained by new jobs in the Helsinki metropolitan area.
Halving travel time to one hour in the Helsinki-Turku railway corridor increases commuting by 40% and yields annual returns of 30 million 2015€ in time savings and travel costs and 40-50 million € from new intangible and human capital. Two-thirds of gains are from new intangible capital, and one-third is from new human capital. These are largely explained by new jobs in the Helsinki metropolitan area.