Express busways and economic development: Case study of the Miami-Dade South Express Busway

Source: Arthur C. Nelson, Robert Hibberd, Research in Transportation Economics, In Press – Corrected Proof, Available online June 10, 2019
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From the abstract:
This is the first study reporting the association between economic development and express bus transit (XBT) service. Using shift-share analysis applied to the South Miami-Dade express busway transit system, this study assesses differences in shift-share outcomes over three time periods: before the Great Recession (2004–2007), during the Great Recession and early recovery years (2008–2011), and after the Great Recession (2012–2014). Over the entire study period (2004–2014), total jobs grew within one-half mile of XBT stations. Using shift-share analysis, we find that (a) XBT station areas gained share of jobs relative to the central county (Miami-Dade) before the Great Recession, (b) continued to gain share albeit at a slower pace during the Great Recession, but (c) lost share during the post Great Recession period. Over the entire study period, land-extensive jobs (such as in manufacturing and non-manufacturing industry) lost share as did lower-wage retail-lodging-food service jobs. Jobs in knowledge, office, education and arts-entertainment-recreation economic groups gained share overall. Since the Great Recession, we surmise that XBT stations have shifted firm dynamics mostly by displacing land extensive or lower wage jobs away from station areas. Planning and policy implications are offered.