Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/180351 
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper No. 7089
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Infrastructure projects are increasingly aiming to improve liveability, in particular in urban areas. We analyse a specific case in which an existing highway in an urban area was moved underground in order to improve intercity traffic flows and to reduce traffic externalities. As travel times within the city hardly changed, this allows for a clean identification of the value of traffic externalities. We find that the liveability benefits of such integrated infrastructure are substantial relative to the construction costs. Each halving of distance to the tunneled segment is associated with 3.5% more appreciation in house prices since the start of the project.
JEL: 
H40
R20
R40
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.