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dc.contributor.authorMorgenroth, Edgaren_US
dc.description.abstractThe single largest project under the Irish National Development Plan (NDP) 2007-2013, is the construction of a Metro system. Despite the fact that this is the largest project under the NDP and the government's transport strategy, Transport 21, no cost benefit analysis on the project has been published. This paper aims at addressing this lack of published analysis by considering the likely economic impact one of the Metro projects, Metro-North. In doing so the paper implements two novel methods namely the use of estimates from hedonic house price models and the results from macroeconomic studies instead of the conventional cost-benefit analysis. The two methods come up with contradictory results in that the hedonic pricing methodology would suggest that the Metro-North project should not proceed while the macroeconomic approach suggests the investment should go ahead. These results are dependent on the underlying assumptions, excluded benefits and parameters used, but given the analysis in the paper alternatives can be implemented readily.en_US
dc.publisherESRI Dublinen_US
dc.relation.ispartofseriesESRI working paper 301en_US
dc.subject.keywordMetro Northen_US
dc.subject.keywordimpact assessmenten_US
dc.subject.stwHedonischer Preisindexen_US
dc.subject.stwGesamtwirtschaftliche Investitionstheorieen_US
dc.titleEstimating the impact of metro northen_US
dc.typeWorking Paperen_US
Appears in Collections:ESRI Working Papers, The Economic and Social Research Institute (ESRI)

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