The Fast, the Slow, and the Congested - Marginal REVOLUTION

That is a new NBER working paper by Protty A. Akbar, Victor Couture, Gilles Duranton, and Adam Storeygard. Here is the abstract: We assemble a new global database on motor vehicle travel speed in over 1,200 large cities in 152 countries. We then estimate comparable city-level indices of travel speed and congestion. Most of the […]

That is a new NBER working paper by Protty A. Akbar, Victor Couture, Gilles Duranton, and Adam Storeygard. Here is the abstract: We assemble a new global database on motor vehicle travel speed in over 1,200 large cities in 152 countries. We then estimate comparable city-level indices of travel speed and congestion. Most of the variation in urban travel speed is across countries, not within. National income per capita explains most of this cross-country variation in speed. In rich countries, urban travel is roughly 50% faster than in poor countries. To investigate the link between economic deve

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