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Extra resources for 16th International Symposium on Theory and Practice in Transport Economics - 50 Years of Transport Research: Experience Gained and Major Challenges Ahead

Sample text

But achieving this goal will require a very considerable effort. The European White Paper (European Commission, 2001) discusses these efforts in greater detail. g. measured in terms of GDP). However, one is quite aware that today’s reality is very different: anticipated economic growth will undoubtedly result in greater demand for personal mobility and freight transport services. Enlargement of the European Union is set to trigger larger exchanges of goods, and there is a need for additional investments, including in transport infrastructure.

The first of these groups includes the effects that infrastructure can have on the productive efficiency of firms operating in transport markets, as well as firms supplying infrastructure and services. , can serve as a basis for constructing efficiency indicators. , all need to be taken into account. To assess the potential impact of infrastructure on quality of life, use can be made of the indicators of accessibility, peripherality and the external impacts of transport – namely, accidents, bottlenecks and environmental impacts -- developed by the European Commission as indicators of infrastructure endowment.

Lastly, account must also be taken of the impact of new infrastructure on other markets and economic agents. One example in this respect is the role played by infrastructure in firms' choice of location and in the development of their productive systems and logistics techniques, which has allowed many firms with adequate transport networks to successfully introduce just-in-time techniques, thereby cutting costs and increasing productivity. 4. CONCLUSIONS Having reached this stage in our discussion, we can now draw the following conclusions.

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