TAILIEUCHUNG - Economic Value of Walkability

We conclude in Section V with a discussion of what our results do and do not imply for actual multipliers. We conclude that multipliers were substantially above 1 in the early years of the crisis. The lower coefficients in recent years may reflect in part learning by forecasters and in part smaller actual multipliers than in the early years of the crisis. We end with a number of caveats. First, forecasters do not typically use explicit multipliers, but instead use models in which the actual multipliers depend on the type of fiscal adjustment and on other economic conditions | EFFICIENCY EQUITY CLARITY Info@ 250-360-1560 Economic Value of Walkability 1 February 2011 By. Todd Alexander Litman Victoria Transport Policy Institute Abstract This paper describes ways to evaluate the value of walking the activity and walkability the quality of walking conditions including safety comfort and convenience . Walking and walkability provide a variety of benefits including basic mobility consumer cost savings cost savings reduced external costs efficient land use community livability improved fitness and public health economic development and support for equity objectives. Current transportation planning practices tend to undervalue walking. More comprehensive analysis techniques described in this paper are likely to increase public support for walking and other nonmotorized modes of travel. Presented at the Transportation Research Board 82nd Annual Meeting January 2003 Washington DC Paper 03-2731 where it won the TRB Committee on Pedestrian s 2003 Outstanding Paper Award. Published in Transportation Research Record 1828 Transportation Research Board 2003 pp. 3-11 and in Volume 10 Number 1 2004 of World Transport Policy Practice . T odd Alexander Litman 2003-2011 You are welcome and encouraged to copy distribute share and excerpt this document and its ideas provided the author is given attribution. Please send your corrections comments and suggestions for improvement. Economic Value of Walkability Victoria Transport Policy Institute Introduction What is more important driving or walking Conventional transportation planning practices suggest that personal motor vehicle travel is far more important than walking representing about fifty times as many person-miles as nonmotorized travel. From a conventional planning perspective walking the activity is a minor mode of travel and walkability the quality of walking conditions including safety comfort and convenience deserves only modest .

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