Mackie, P, Batley, R orcid.org/0000-0002-2487-850X and Worsley, T (2018) Valuing transport investments based on travel time savings—a response to David Metz. Case Studies on Transport Policy, 6 (4). pp. 638-641. ISSN 2213-624X
Abstract
David Metz's recent case study published in this journal argues that the conventional approach to the economic appraisal of transport projects is inadequately evidenced and likely to lead to inconsistency with policy goals. In his view, these shortcomings have been further demonstrated by the recent UK study of the value of travel time savings (VTTS), and radical reform of appraisal is required. Metz makes some good points, but many of his key arguments are unsound. This paper responds to Metz's arguments, including his critique of the VTTS concept and the recent UK study on this subject. The paper argues that the preferred approach to appraisal should be an evolutionary one, bringing together the transport sector impacts and the planning and economic development impacts in the overall transport business case.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2018 World Conference on Transport Research Society. Published by Elsevier Ltd. This is an author produced version of a paper published in Case Studies on Transport Policy. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 18 Oct 2018 10:19 |
Last Modified: | 04 Aug 2019 00:41 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.cstp.2018.08.002 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:137275 |