TAILIEUCHUNG - ECONOMIC DEVELOPMENT, TRADE AND INVESTMENT IN THE EASTERN AND SOUTHERN MEDITERRANEAN REGION

Conventional project evaluation tends to exaggerate highway expansion economic benefits by ignoring induced travel effects (Hodge, Weisbrod and Hart 2003; Litman 2007a). Urban traffic congestion tends to maintain equilibrium; it gets bad enough to discourage further growth in peak-period vehicle trips. Expanding congested roadways tends to provide only short-term benefit because much of the additional capacity is soon filled with latent demand, peak-period vehicle trips that motorists will make if roads are uncongested but will forego (they might shift defer the trip, shift route, mode or destination) if roads are congested. . | CASE Network Reports Economic Development Trade and Investment in the Eastern and Southern Mediterranean Region ICASEJ Warsaw Bishkek Kyiv Tbilisi Chisinau Minsk Marek D browski Luc De Wulf The views and opinions expressed here reflect the authors point of view and not necessarily those of CASE Network. This paper has been prepared within the agenda of FP7 funded project Grant Agreement No. 244578 on Prospective Analysis for the Mediterranean Region Medpro Keywords Southern and Eastern Mediterranean Middle East and North Africa economic growth trade liberalization FDI private sector development business climate privatization unemployment inequality JEL codes F15 O53 O55 CASE - Center for Social and Economic Research Warsaw 2013 Graphic Design Agnieszka Natalia Bury EAN 9788371785788 Publisher CASE-Center for Social and Economic Research on behalf of CASE Network al. Jana Pawla II 61 office 212 01-031 Warsaw Poland tel. 48 22 206 29 00 fax 48 22 206 29 01 e-mail case@ http The CASE Network is a group of economic and social research centers in Poland Kyrgyzstan Ukraine Georgia Moldova and Belarus. Organizations in the network regularly conduct joint research and advisory projects. The research covers a wide spectrum of economic and social issues including economic effects of the European integration process economic relations between the EU and CIS monetary policy and euro-accession innovation and competitiveness and labour markets and social policy. The network aims to increase the range and quality of economic research and information available to policy-makers and civil society and takes an active role in on-going debates on how to meet the economic challenges facing the EU post-transition countries and the global economy. The CASE network consists of - CASE - Center for Social and Economic Research Warsaw est. 1991 - CASE - Center for Social and Economic Research - Kyrgyzstan est. 1998 -

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• large firms
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