00796910

Component

http://onlinepubs.trb.org.../conf/1999/cp21/21-012.pdf

This paper summarizes the methodological concepts and techniques needed to measure productive highway capital stocks and outlines two shortcut measurement strategies. The paper begins by briefly outlining the difference between productive and wealth capital stock. An accompanying sidebar continues this conceptual discussion with particular reference to efficiency patterns. Next, the perpetual inventory method is presented, as both measurement strategies call for its use. The strategies, whose description is the central core of this paper, are based on the findings and analysis in Fraumeni's "Productive Highway Capital Stock Measures" (www.fhwa.dot.gov/reports/phcsm/index.htm). The simplest strategy for measuring productive capital stock is described first, followed by a description of a more complicated and more time-consuming strategy. Reasons are given for why and in what circumstances the more complicated strategy should be followed. Either of these strategies can be applied to stock measurement at different administrative or geographic levels. The more complicated strategy allows for the introduction of information specific to the particular project being undertaken. The final topic covered is benchmarking, a necessary component of almost any effort to construct a capital stock.

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00796898

English

p. 71-92

2000

Transportation Research Board Conference Proceedings

Information Requirements for Transportation Economic Analysis

0309071240

Digital/other

Figures (8) ; References (17) ; Tables (7)

Benchmarks; Capital productivity; Highways; Measurement; Stocks; Strategic planning

Perpetual inventory method

Highways; Planning and Forecasting; I72: Traffic and Transport Planning

TRIS, TRB

Aug 4 2000 12:00AM

• ECONOMIC EVALUATION FOR DECISION MAKING ON TRANSPORTATION PROJECTS, PROGRAMS, AND POLICIES
• ESTIMATING REVENUES FROM USER CHARGES, TAXES, AND FEES: IDENTIFYING INFORMATION REQUIREMENTS
• ESTIMATION OF REVENUES FROM USE CHARGES, TAXES, AND OTHER SOURCES OF INCOME
• HOW LEVELS OF INVESTMENT IN TRANSPORTATION AFFECT ECONOMIC HEALTH
• HOW LEVELS OF TRANSPORTATION INVESTMENT AFFECT ECONOMIC HEALTH
• IMPORTANCE OF TRANSPORTATION INFORMATION: CANADA'S EXPERIENCE
• INFORMATION FOR TRANSPORTATION ECONOMIC ANALYSIS: STATE OF THE ART AND RELEVANCE FOR DECISION MAKING
• RECENT DEVELOPMENTS IN ECONOMIC INFORMATION: ECONOMIC ANALYSIS AT THE STATE, METROPOLITAN, AND PROJECT LEVELS
• RECENT DEVELOPMENTS IN ECONOMIC INFORMATION: RATE OF RETURN AND PRODUCTIVITY STUDIES, COMMODITY AND PASSENGER FLOW DATA, AND AMERICAN COMMUNITY SURVEY
• RECENT DEVELOPMENTS IN ECONOMIC INFORMATION: TRANSPORTATION SATELLITE ACCOUNTS AND CAPITAL STOCKS ACCOUNTS
• RELEVANCE OF ECONOMIC ANALYSIS FOR DECISION MAKING: IMPORTANCE OF COMMUNICATING RESEARCH RESULTS
• SELECTING PUBLIC TRANSPORTATION PROJECTS: INFORMATIONAL REQUIREMENTS
• TRANSPORTATION CONDITIONS: A TOP CONCERN OF THE PUBLIC
• WHY INFORMATION MATTERS: GETTING THE MESSAGE ACROSS ABOUT TRANSPORTATION AND ECONOMIC DEVELOPMENT
• WHY INFORMATION MATTERS: WEST VIRGINIA: A RURAL POINT OF VIEW