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On measuring the benefits of lower transport costs (English)

Despite large amounts invested in rural roads in developing countries, little is known about their benefits. This paper derives an expression for the willingness-to-pay for a reduction in transport costs from the canonical agricultural household model and uses it to estimate the benefits of a hypothetical road project. Estimation is based on novel cross-sectional data collected in a small region of Madagascar with enormous, yet plausibly exogenous...
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Jacoby,Hanan G.; Minten,Bart J..

On measuring the benefits of lower transport costs (English). Policy Research working paper ; no. WPS 4484 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/846451468139207638

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