01004pab a2200193 454500 180718b2009 xxu||||| |||| 00| 0 eng d Hymel, Kent Does traffic congestion reduce employment growth? 2009 p.127-35. Mar This paper examines the impact of traffic congestion on employment growth in large US metropolitan arfeas. An historic highway plan and political variables serve as instruments for endogenous congestion. The results show that high initial levels of congestion dampen subsequent employment growth. This finding suggests that increasing the efficiency of public infrastructure can spur local economies. Counterfactual estimates show that the employment-growth returns from modest capacity expansion or congestion pricing are substantial. - Reproduced. Transport Urban development Employment Journal of Urban Economics N 83173 83173 83173 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 65, Issue no: 2 AR83633 2018-07-19 2018-07-19 AR