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Supporting Economic Development with Highway Investment

Contents

• Chapter 1. Overview of the Primer
  • 1.1 Purpose of the Primer
  • 1.2 Organization of Primer
• Chapter 2. What is Economic Development?
  • 2.1 Defining Economic Development
  • 2.2 Goals and Measures of Economic Development
  • 2.3 Role of Transportation in Economic Development
  • 2.4 Economic Development Themes
• Chapter 3. Economic Concepts and Principles
  • 3.1 Economic Markets
    • 3.1.1 Efficiency
    • 3.1.2 Equity
    • 3.1.3 External Costs
    • 3.1.4 Factor Substitution
  • 3.2 Location Concepts
    • 3.2.1 Agglomeration
    • 3.2.2 Location Theories
    • 3.2.3 Market Areas
      • 3.2.3.1 Spatial Monopoly
      • 3.2.3.2 Market Size and Extent
      • 3.2.3.3 Spatial Competition
      • 3.2.3.4 Retail Gravitation
      • 3.2.3.5 Hierarchy of Market Areas
      • 3.2.3.6 Internet Distribution
    • 3.2.4 Production Location
      • 3.2.4.1 Input-Oriented Industrial Location
      • 3.2.4.2 Market-Oriented Industrial Location
      • 3.2.4.3 Footloose Industries
• Chapter 4. Economic Development in the Transportation Planning Process
  • 4.1 Transportation Planning Process
    • 4.1.1 Long Range Transportation Plans
    • 4.1.2 State and Regional Transportation Improvement Programs
    • 4.1.3 Evidence of Economic Development Potential
  • 4.2 Coordination With Other Agencies
    • 4.2.1 Economic Development Administration
      • 4.2.1.1 Comprehensive Economic Development Strategies
      • 4.2.1.2 Economic Development Districts
      • 4.2.1.3 Economic Development Administration Analysis Tools
    • 4.2.2 State and Local Economic Development Agencies
    • 4.2.3 Freight Planning for Economic Development
    • 4.2.4 Private Sector Investment
• Chapter 5. Economic Development Theory and Analysis
  • 5.1 Concepts, Assumptions, and Measurement
    • 5.1.1 Circular Flow Model
    • 5.1.2 Standard Economic Development Metrics
    • 5.1.3 Net Jobs versus Redistribution: Problems with "Jobs" as a Metric
    • 5.1.4 Defining the Analysis Region
    • 5.1.5 Defining the Analysis Period
  • 5.2 Roles Among Major Economic Analysis Frameworks
    • 5.2.1 Economic Impact Analysis
      • 5.2.1.1 EIA Multiplier Models
  • 5.3 Methods for Economic Development Analysis
    • 5.3.1 Demand for Economic Development
• Chapter 6. Strategies for Achieving Economic Development
  • 6.1 Regional Perspective
    • 6.1.1 Regional Competition and Cooperation
    • 6.1.2 Economic Development Administration Tools
  • 6.2 Cluster Analysis
    • 6.2.1 Comparative Advantage
  • 6.3 Coordination with Other Programs and Agencies
  • 6.4 Community Betterment Improvements
    • 6.4.1 Unique Local Attributes
    • 6.4.2 Community Betterment as a Business Attractor
    • 6.4.3 Integrating Economic Development With Other Goals
  • 6.5 Lagging Regions and Revitalization
    • 6.5.1 Legacy Cities
    • 6.5.2 Gentrification and Economic Development
    • 6.5.3 Environmental Justice
    • 6.5.4 Land Use Development
    • 6.5.5 Good Jobs and Good Industries
  • 6.6 Financing, Subsidies, and Inducements
    • 6.6.1 Financing Development
    • 6.6.2 Tax Abatement Incentives
    • 6.6.3 Transparency in Business Subsidies
    • 6.6.4 Low Taxes
• Chapter 7. Case Studies and Extended Examples
  • 7.1 Persistent Rural Poverty - People vs. Place
  • 7.2 Tourist Destination
  • 7.3 Freight Improvements
  • 7.4 Rural Isolation
• Chapter 8. References
• Appendix 1. Data Sources
• Appendix 2. Miscellaneous Information