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Estimating and Evaluating the Effects of Infrastructure Development with a Computable Urban Economic Model Considering Spatial Spillover Effects
Last modified: 2021-11-19
Abstract
The development of transportation infrastructure, such as railroads and roads, has spatial spillover effects, such as population growth in surrounding areas due to lower transportation costs. These effects are particularly pronounced in urban areas where many companies require intellectual productivity. This study focuses on the commuting behavior of households and construct a model that explicitly takes spatial spillover effects into account, based on the assumption that infrastructure development in urban areas has a certain impact on the choice of where to live and work. Furthermore, this study also attempts to measure the effects of infrastructure development in a case study.
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