Understanding How to Develop and Apply Economic Analyses: Guidance for Transportation Planners
NCHRP 08-36, Task 101 – The objective of this research is to provide guidance to the transportation planner that is charged with developing, implementing, evaluating and communicating an economic analysis of a transportation investment. This research focuses on economic analytical techniques applied at both the broader planning level and at the project level. The results of this research are presented in the form of a guidebook that provides planning and other transportation professionals with an economic knowledge base that enables them to serve as a project manager for an economic analysis. The guidebook:
- Provides a primer on basic economic terminology as it applies to transportation.
- Explores the linkage between planning activities and economic analysis, and how economic analysis and results can be integrated into planning activities.
- Provides guidance for developing an economic study.