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- W765626451 abstract "This report analyzes the benefits and costs of the Kansas Comprehensive Highway Program (KCHP). The benefit-cost ratio of the program is conservatively estimated to be at least 3. In other words, the program returned at least three dollars' worth of value to Kansans for every dollar's worth of cost to Kansans. The KCHP was a major program of highway construction and contract maintenance for the state of Kansas. It was passed by the Kansas Legislature in Spring 1989. Major highway contracting extended from Kansas FY 1990 through Kansas FY 1997, but some expenditures will continue until roughly 2001. The program was directed entirely to some 10,400 mi (16,734 km) of the Kansas State Highway System, which includes Interstate Highways, U.S. Highways, State K-Highways and their City Connecting Links. It did not include most city, county, and local roads. This report has a number of distinctive technical features: (i) It analyzes an entire highway program. (Previous benefit-cost analyses of transportation have generally focused on particular projects.) (ii) It is addressed specifically to Kansas citizens and policy-makers. Therefore it focuses on effects of the program on Kansans only, and does not address effects of the program on citizens of the U.S. as a whole. (As such, it may be the first open economy benefit-cost analysis of a regional highway system [Mohring, 1993]). (iii) For a regional analysis of this type, multiplier effects turned out to be quite important. The report estimates multiplier effects on both the benefit and the cost side, using a Social Accounting Matrix model of Kansas. (iv) The report provides comprehensive benefit-cost ratios (BCRs). These ratios take all identified costs and benefits for Kansans into account. For estimated external (i.e., non-road user) costs and benefits, as well as other effects that are especially hard to measure, the report adopts a conservative or lower bound approach that is based on extrapolations from published reports. For most of the benefits to road-users, the report develops detailed measurements using original data sources. (v) The report uses a rigorous counterfactual analysis. In particular, it develops a fully detailed model of what would have happened on some 5,000 sections of Kansan highways over several years, if the KCHP had not been adopted. (vi) The report calculates benefit-cost ratios using a range of different discount rates. If a relatively low discount rate is assumed, then the comprehensive BCR could be greater than 6." @default.
- W765626451 created "2016-06-24" @default.
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- W765626451 date "1999-01-01" @default.
- W765626451 modified "2023-09-26" @default.
- W765626451 title "BENEFITS AND COSTS OF THE KANSAS COMPREHENSIVE HIGHWAY PROGRAM" @default.
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