Wider economic benefits of infrastructure projects - EP136

<p>Wider economic benefits are increasingly being estimated in economic assessments of infrastructure projects. Show host Gene Tunny and his colleague Arturo Espinoza Bocangel chat about how some infrastructure projects, particularly transport projects, can stimulate new economic development, increasing the density of businesses and workers in an area. This can boost innovation and productivity through knowledge transfer and greater specialisation, among other mechanisms. The expected wider economic benefits of the Cross River Rail subway project in Brisbane, Australia are discussed. </p><h3>Links relevant to the conversation</h3><p><a href="https://cabinet.qld.gov.au/documents/2017/Aug/CRRBusCase/Attachments/BusinessCase.pdf" target="_blank">Cross River Rail business case</a></p><p><a href="https://crossriverrail.qld.gov.au/about/project-benefits/">Cross River Rail project benefits</a></p><p><a href="https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2001/q4/brq401gc.pdf" target="_blank">Knowledge Spillovers: - Cities' Role in the New Economy</a> - article by Jerry Carlino Gene quotes from in the episode</p><p><a href="https://www.australasiantransportresearchforum.org.au/sites/default/files/papers/ATRF2019_resubmission_06.pdf" target="_blank">The wider economic benefits of transport infrastructure paper</a> by Peter Abelson </p><p><a href="https://voxeu.org/article/working-home-too-much-good-thing" target="_blank">Working from home: Too much of a good thing</a> - article by Kristian Behrens and others</p><p><a href="https://openknowledge.worldbank.org/handle/10986/32666" target="_blank">Wider Economic Benefits of Transport Corridors : Evidence from International Development Organizations</a> - World Bank paper using night time lights data</p><h3>Clarification</h3><p>In the episode Gene didn’t get the title of Jane Jacobs’s famous book on cities right. The correct title is <a href="https://en.wikipedia.org/wiki/The_Death_and_Life_of_Great_American_Cities" target="_blank">The Dea