Kim, Euijune; Kim, Hong Sok; Hewings, Geoffrey J. D. - In: Journal of Transport Economics and Policy 45 (2011) 2, pp. 223-245
This paper analyses the impacts of highway development with different financing strategies. We examine two ways in which the government can finance highway development projects: it can (a) use current tax system, or (b) impose earmarked taxes. Our model is composed of a transport network model...