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Transportation’s Economic Impacts on California

Transportation’s Economic Impacts on California. Presented by: Office of State Planning, Economic Analysis Branch. Overview. TREDIS Economic Analysis Simulated scenario analysis Validate assumptions Internal understanding TREDIS Outputs Income Jobs Gross State Product Dialogue

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Transportation’s Economic Impacts on California

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  1. Transportation’s Economic Impacts on California Presented by: Office of State Planning, Economic Analysis Branch

  2. Overview • TREDIS Economic Analysis • Simulated scenario analysis • Validate assumptions • Internal understanding • TREDIS Outputs • Income • Jobs • Gross State Product • Dialogue • Consistent Economic Impact Modeling Factors • Economic analysis approach

  3. Flow Diagram of Models

  4. Vehicle Analysis for TREDIS • Simulated Scenario • Increase in vehicle operating costs (VOC) • Considers highway impacts only • Not a comprehensive economic analysis • Vehicle Data Required • Personal auto and commercial truck • Trips • Vehicle hours traveled (VHT) • Vehicle miles traveled (VMT) • Split by peak and off peak • Trip type • Fraction congested

  5. Preliminary Analysis Results • Expectations • Negative financial impact (increased cost to personal and business traveler) • Negative impact on productivity • Negative economic impact • Analysis Confirms Expectations • GSP, jobs, and income • Industries dependent on transportation

  6. Opening the Dialogue • Modeling Factors • Consistency between models/tools • Consistency between State Agencies/Departments • RTPs/SCSs • Specific Model Factors • Vehicle operating cost • Fraction congested • Vehicle occupancy • Modes considered • Capturing Full Economic Impact • Goods Movement/agglomeration effects • Construction benefits

  7. Travel Variables

  8. Questions

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