Economics of Transportation
AboutEconomics of Transportation is a field of study dedicated to the allocation of transportation resources. The field is critical to both transport planning and institutional development of transportation in a country. Since transport and economic development is interdependent and their relationships are considered to be dynamic, economics of transportation provides methodologies to carry out research and studies to understand such complex and dynamic relationships. Economics of transportation has both macro and micro approaches to study an economic phenomenon. In a macroeconomic sense, areas like regional economic linkages, impact of transport development, institutions for regulations, market structure for various modes of transport and industrial location and transport corridors are covered. In case of micro approach, areas like transport pricing, pricing and technology, externalities and pricing, demand analysis and regulation of transport industry are covered. AITD has been working in these areas. It has published several research studies in the field of economics of transportation. |
 Transport and PovertyTransport facilitates economic development which means transport has impact on social well being of the people. Development of transport infrastructure reduces poverty which is multidimensional in the context of impact of development of transport infrastructure.
 Transport and ExternalitiesTransport imposes negative externalities on society. These externalities include greenhouse gas emissions, accidents, congestion and other pollution. Sustainable transport policy and practices are integral part of transport planning. Therefore, use of economic instruments to correct transport related externalities are burgeoning field of economics of transportation. |