The paper uses an applied general equilibrium model, calibrated to the situation in Belgium in 1990, to evaluate the welfare effects of small policy changes in the presence of transport externalities. The model incorporates three types of externalities: congestion, which has a feedback effect on...

Most poor people of the world reside in rural areas, which are frequently characterized by low levels of public infrastructure, especially roads. Inadequate roads raise transport costs, limiting the use poor people can make of local markets for the sale of their produce, the purchase of consumer...

With over one billion international tourist arrivals per year, forecast to rise to 1.5 billion per year by 2020, transport is an essential component of the tourism system. Transport connects tourism generating regions (both domestic and international) to destinations, and facilitates the...