The U.S. transportation system forms the backbone of the nation's economy. To better understand this relationship and maximize economic competitiveness, the Transportation Economics Program develops and analyzes data that helps to explain the economic impact of the USDOT's transportation policy and investment decisions.
The Transportation Economics program supports the USDOT economic competitiveness strategic goal and provides key information for understanding the consequences of user fees and taxes.
Congress has previously mandated that BTS compile and publish statistics supporting economic and transportation analysis for transportation decision-making by all levels of government, the transportation community, businesses and consumers.
FY 2012 Transportation Economics
|Program Activity||FY 2010 Actual||FY 2012 Request||ChangeFY 2010-2012|
|Transportation Economics Program||1,811||1,938||127|
|TOTAL 1, 2||$1,811||$1,938||$127|
1 FY 2012 increase reflects reallocation of operating expenses.
2 The total funding includes salaries and administrative expenses and contract program.
GTFS; updated Transportation Satellite Account; and economic analysis and modeling; data and findings used to assess transportation impacts on the U.S. economy.
Provide policy-makers with greater insight into the impact of transportation on the economy and Gross Domestic Product (GDP).
Strategic goals: Economic competitiveness and environmental sustainability.
Purpose: Transportation and related investments are critical to the competitiveness of the U.S. economy and represent significant investments by governments and households. This request funds the continuation of the Transportation Economics Program and enhancements to the BTS Economic and Competitiveness Data and Analysis Program for producing the annual GTFS report to address government transportation finance and expenditures; update the TSA, which measures the role of transportation in the economy; and develop and use economic models for policy and economic impact analysis.
Beneficiaries: OST, FHWA, FAA, Congress, state and local governments.
Partners: BTS works with FHWA to support their modeling and forecasting needs; the Bureau of Economic Analysis and state governments provide critical data.
Description: Program products provide transportation officials with information on the economic impact of transportation and how to optimize transportation investments, improve system productivity, and increase the value of transportation to users. Specifically:
Prior Year Accomplishments:
The Transportation Economics Program will:
Information on economic performance and an accounting of capital stocks is explicitly required for the Intermodal Transportation Data and Transportation Statistics Annual Report have been requested by Congress in the past.
The program provides unique products to USDOT and other policy makers to estimate how changes in the transportation sector impact the economy. It provides a comprehensive accounting of transportation revenues and expenditures across all levels of government and throughout the private sector portion of the economy. Coverage is essential to understand the consequences of changes to user fees and taxes, as well as business and household logistics costs. This is needed for understanding the potential impacts of changes in energy markets and policies on the transportation sector and other parts of the economy that depend on transportation.
The TSAs will provide data to link project and programs from transportation to the economy for cost-benefit purposes, financial, investment and program evaluation. The TEAMS product will estimate various scenarios for policy development and evaluation, investment analysis, financial planning, program evaluation and budget impacts.
Without this funding, USDOT would not be able to calculate the impact of transportation expenditures on the economycritical for measuring economic competitiveness.
Effective: Frequency of use of products and information, and inquiries from the White House, Congress, and OST. The program generates unique products that are widely used by federal, state and local government agencies as well as university researchers.
Research: The TSA is based on methodologies developed in partnership with the Bureau of Economic Analysis.
Efficient: This program is useful to planners and policy makers for assessing the effectiveness and efficiency of the transportation system and for evaluating transportation investments.
The requested level of funding is needed to continue the base program.
History/Outyear Needs: FY 2010 $1.811M; FY 2012 $1.938M.