A Synthesis of Economic Impact Assessment of Transit Services [Brief]

Peng, Zhong-Ren; University of Florida. College of Design, Construction and Planning. International Center for Adaptation Planning and Design (iAdapt)

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ROSA P serves as an archival repository of USDOT-published products including scientific findings, journal articles, guidelines, recommendations, or other information authored or co-authored by USDOT or funded partners. As a repository, ROSA P retains documents in their original published format to ensure public access to scientific information.

i

A Synthesis of Economic Impact Assessment of Transit Services [Brief]

2025-03-01
By Peng, Zhong-Ren

[PDF-152.11 KB]

English

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Details:

Creators:

Peng, Zhong-Ren
Corporate Creators:

University of Florida. College of Design, Construction and Planning. International Center for Adaptation Planning and Design (iAdapt)
Corporate Contributors:

Florida Department of Transportation
Subject/TRT Terms:

[+]

Benefit Cost Analysis Economic Impacts Methodology Public Transit
Resource Type:

Brief
Geographical Coverage:

United States ; Florida

United States ; Florida Less -
Contracting Officer:

Wiglesworth, Chris
Corporate Publisher:

Florida Department of Transportation
Abstract:

This report provides an in-depth synthesis of the economic impact assessment of transit services in the United States from 2003 to 2023, focusing on Benefit-Cost Analysis (BCA) and Economic Impact Analysis (EIA) methodologies. It examines their application in public transit systems and highlights geographical variations and trends. The report analyzes themes, trends, and gaps in existing research through extensive literature review, bibliometric mapping, and case studies from key metropolitan areas. Primary findings reveal a consistent use of BCA and EIA models across U.S. regions, supported by established assessment software. BCA, while prevalent for quantifying project effects, faces accuracy challenges, particularly in measuring intangible factors. EIA, relying on input-output models, tends to oversimplify complex economic interdependencies. The study also identifies a gap in the comprehensive evaluation of new transit modes like microtransit and micromobility, where traditional methods prevail but lack depth in analysis using both BCA and EIA. Concluding, the report advocates for an integrated approach to BCA and EIA in Florida, emphasizing the need for a comprehensive framework, reliable data and tools, and adaptable methodologies to capture the dynamic landscape of public transit and its multifaceted impacts effectively.
Format:

PDF
Funding:

BED31-977-21
Collection(s):

US Transportation Collection
Main Document Checksum:

[+]

urn:sha-512:7b55e2d210b71fdbb3d6a639f01a9c56d84e5c5e59917d3ae82ae6831796e5a4e7d129d5e1a7630b9253738ea01ad30a147c33ccfb070afcf430c73e5784e1bd
Download URL:

https://rosap.ntl.bts.gov/view/dot/84602/dot_84602_DS1.pdf
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A Synthesis of Economic Impact Assessment of Transit Services [Brief]

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