[Wider Economic Benefits of transport]

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Some examples: Competition Benefits Ι Perfect competition implies price = production costs Total all industries Administrative and support services Professional, scientific and technical services Rental, hiring and real estate services Financial and insurance services Information media and telecommunications Transport, postal and warehousing Accommodation and food services Retail trade Wholesale trade Construction Manufacturing Agriculture Price Cost Margins in Australia 0% 5% 10% 15% 20% Ι But price-cost margins exist: ■ ■ The presense of margins means business benefits are undervalued Improved connectivity may increase competition and reduce margins Economic Impacts of Transport
Some examples: Labour Market Benefits Ι Perfect competition implies net wage = productivity Labour Tax Wedge in Selected Countries Australia Denmark Finland France Germany Greece Ireland Italy Japan Korea Netherlands New Zealand Norway Spain United Kingdom United States 0% 10% 20% 30% 40% 50% 60% 70% Ι But labour is heavily taxed causing a wage/productivity wedge: ■ If transport affect labour choices – need to count the tax revenues Economic Impacts of Transport
Page 1 and 2: Wider Economic Benefits of High Spe
Page 3 and 4: Economic impacts of Transport (1)
Page 5: Economic Welfare - Cost Benefit Ana
Page 9 and 10: Wider Economic Benefits Ι The ’P
Page 11 and 12: Type of scheme WEBs uprate from sel
Page 13 and 14: Example findings: High Speed Rail Y
Page 15 and 16: Illustration - importance of assump
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[Wider Economic Benefits of transport]

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