> .. a chaotic, polluting and unpleasant system of #privatized urban transport involving a multiplicity of private and #polluting #vehicles on over-congested roads (as is common in many developing countries) typically generates more #GDP than a safe, efficient and affordable system of #PublicTransport that reduces vehicular congestion and provides a more pleasant living and working environment.
http://www.paecon.net/PAEReview/issue101/GhoshMorgan101.pdf
/ht @JayatiGhosh
#illth v. #wealth #JayatiGhoch