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by Stepper on November 14th, 2009
With the exception of cases where the highway infrastructure is being used to maximum capacity, it reduces congestion, allowing more people to commute to, from, and through commercial areas.
For the same reason, people spend less time going to, and getting home from work, giving them more time to spend consuming in their leisure time (going to dinner, shopping, using electricity...etc.)
Also for the same reason, fewer roads are needed to accommodate the amount of traffic, meaning both a savings in the amount of money that would normally be needed to take care of them, and also an increase of development space (most helpful in large urban areas.
Locally, the suburbs of urban areas are made more accessible to the central city, spurring suburban growth, raising suburban land values, and attracting businesses would would otherwise be discouraged from moving into the city due to its lack of inexpensive transit-available development area.
It also allows more efficient zoning, as residents are able to travel farther to utilize public services, go to work, and otherwise live their daily lives.
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You're reading Economic arguments for increasing the speed limit
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