GTAP Resources: Resource Display
| GTAP Resource #5128 |
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"The effect of easing traffic congestion in the Philippines using the Standard CGE model" by Folsom, Brennan Abstract The traffic levels in the metropolitan areas of the Philippines are becoming more problematic as the country’s economy grows, a middle class emerges, and already aged infrastructure continues to decay. Not only do the long commute times and poor air quality detract from the quality of life in places like Manila, but the traffic issues are stifling productivity in the Philippine’s largest sector and is preventing the labor force to reach its full potential. In 2014, the Japanese International Corporation Agency (JICA) produced a comprehensive report outlining specific infrastructure projects to ease traffic congestion, their costs, and their effects on the traffic flows in the Greater Capital Region. This paper examines the implementation of the so named JICA Dream Plan to inspect the economic impacts of easing urban traffic congestion across the Philippines. Several simulations are performed using the IFPRI Standard CGE Model to examine both the impacts of infrastructure development in the Philippines and compare strategies for financing the necessary investment. The analysis finds that substantial economic growth across all sectors of the Filipino economy will follow implementation of the Dream Plan, and that a partnership in which the costs are shared between private investment and foreign savings is the best of the financing options considered. |
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- Model validation and sensitivity analysis - Asia (Southeast) |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
