The Transport Economists’ Group, formed in 1973, provides a forum for people involved in transport economics to meet regularly and discuss matters of mutual interest. Membership is open to economists working in transport and others whose work is connected with transport economics. The aim of the Group is to improve the quality of transport management, planning and decision making by promoting lectures, discussions and publications related to the economics of transport and of the environment within which the industry functions.
Next meeting, Wednesday 22 May 2019 at 17:30 for 18:00
Free to TEG members, £4 “Honesty Box” for non-members
The next meeting of the Transport Economists’ Group will be held at 17:30 for 18:00 on Wednesday 22 May 2019 at Arup at 13 Fitzroy Street, London W1T 4BQ
Professor Helen Simpson of University of Bristol will speak on “The economic impacts of HS1 in Kent”
The speaker will describe analysis of the effects of High Speed 1 (HS1), which dramatically reduced commuting times to central London from South East England. The analysis exploited novel data at a very fine spatial scale on changes in rush-hour public transport commuting times, together with data on house prices, Census data on population demographics and ONS plant-level data on business performance. It found that, for locations with a pre-HS1 commute of 90 minutes or more, a 10% reduction in commuting times was associated with around 2-4% higher house prices, a working age population around 7% higher, and changes in the demographic and occupational composition of residents. While these effects may be driven by spatial reallocation to areas with lower commuting costs, they nevertheless have distributional implications in terms of where, and to whom, the benefits of transport infrastructure projects accrue. The study also found evidence that business performance is increasing in time-proximity to London.
Helen Simpson is a Professor of Economics at the University of Bristol. Her research covers the analysis of place-based policies (including transport infrastructure), firm location decisions, productivity and innovation. She was previously Director of Productivity and Innovation Research at the Institute for Fiscal Studies, London, and an Academic Panel member of the What Works Centre for Local Economic Growth. Her website is http://www.bris.ac.uk/efm/people/helen-d-simpson/.
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All meetings will be held at 17:30 for 18:00 at Arup Head Office, 13 Fitzroy Street, London W1T 4BQ, as shown below
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