Assessment of the economic costs of vehicle traffic congestion in the Caribbean: a case study of Trinidad and Tobago

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2023/191
cepal.docTypeSeries
cepal.jobNumberS2300954_en
cepal.topicEngLOGISTICS AND MOBILITY
cepal.topicSpaLOGÍSTICA Y MOVILIDAD
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
dc.contributor.authorThorne, Elizabeth
dc.contributor.authorChong Ling, Esther
dc.contributor.authorPhillips, Willard
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialEngTRINIDAD AND TOBAGO
dc.coverage.spatialSpaCARIBE
dc.coverage.spatialSpaTRINIDAD Y TABAGO
dc.date.accessioned2024-01-08T01:42:39Z
dc.date.available2024-01-08T01:42:39Z
dc.date.issued2024-01-07
dc.description.abstractVehicle traffic congestion produces significant economic costs in most cities and metropolitan regions of the world. It is also a significant source of green house gas emissions as well as other air pollutants which in turn contribute to major health risks. Traffic congestion also generates additional impacts including stress, fatigue and depression among commuters, and is possibly linked to increased antisocial behaviour and diminished road safety. The problem has become a major challenge among Caribbean small island developing states (SIDS), especially in the context of the subregion’s growing urbanization and increasing levels of motorization over the past three decades. And while several studies have been undertaken for other countries and regions around the world, the phenomenon has not benefitted from such inquiry in Caribbean countries. The present study seeks to contribute to remedying this deficiency by assessing the economic costs of vehicle traffic congestion in one Caribbean case country – Trinidad and Tobago. Towards this end, a survey was conducted to glean insights into commuters’ traffic congestion experience in terms of location and time delays, and collected data were used to estimate a Value of Lost Time as a measure of direct economic costs. The assessment suggests that vehicle traffic congestion imposes a direct economic burden of roughly 1.37% of annual GDP on Trinidad and Tobago. This measure represents a lower bound estimate of economic costs, given that it does not include other social and environmental costs typically associated with the phenomenon. This estimate is likey to have important public policy implications for the country, as it seeks to implement strategies for mitigating the problem in the future.
dc.description.tableOfContentsIntroduction .-- I. Traffic congestion – Theoretical considerations .-- II. Vehicle traffic congestion in Trinidad and Tobago .-- III. Study methodology .-- IV. Study findings: results of analysis .-- V. Policy implications and conclusions .-- VI. Limitations of the research.
dc.formatTexto
dc.format.extent51 pages
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/CAR/TS.2023/8
dc.identifier.unSymbolLC/TS.2023/191
dc.identifier.urihttps://hdl.handle.net/11362/68801
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesStudies and Perspectives Series (The Caribbean)
dc.relation.isPartOfSeriesNo122
dc.subject.unbisEngROAD TRAFFIC
dc.subject.unbisEngTRAFFIC FLOW
dc.subject.unbisEngECONOMIC ASPECTS
dc.subject.unbisEngCOSTS
dc.subject.unbisEngTRANSPORT INFRASTRUCTURE
dc.subject.unbisEngTRANSPORT POLICY
dc.subject.unbisEngCASE STUDIES
dc.subject.unbisSpaTRAFICO POR CARRETERA
dc.subject.unbisSpaFLUJO DE TRAFICO
dc.subject.unbisSpaASPECTOS ECONOMICOS
dc.subject.unbisSpaCOSTOS
dc.subject.unbisSpaINFRAESTRUCTURA DEL TRANSPORTE
dc.subject.unbisSpaPOLITICA DE TRANSPORTE
dc.subject.unbisSpaESTUDIOS DE CASOS
dc.titleAssessment of the economic costs of vehicle traffic congestion in the Caribbean: a case study of Trinidad and Tobago
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
relation.isAuthorOfPublication1cc81c8b-b078-4393-96c2-6afd4d320e74
relation.isAuthorOfPublicationa346ccd4-4831-4910-aa9f-81c0b1cdccf2
relation.isAuthorOfPublication06a3a34f-e237-45b3-a0ea-59c6262880b0
relation.isAuthorOfPublication.latestForDiscovery1cc81c8b-b078-4393-96c2-6afd4d320e74
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