Source: Adapted from Goodbody Economic Consultants (2003) Transport and Regional Development.
Transport Impacts on Market Opportunities
Transport improvements can impact both commodity and labor markets by making resources, parts, customers and labor more accessible. The outcome is an increase in the efficiency and market effectiveness of existing firms, leading to an expansion of output and employment. For a regional economy, this implies growth. Transport improvements can also influence the locational behavior of firms, attracting investments at locations of improved accessibility. Although investing in the improvement of the regional transport system is likely to have direct and indirect consequences on the regional economy, the spatial and sectorial distribution of these impacts is difficult to evaluate.