Manifestation and Record of the Externalities in the Transport Services Implementation

The article under consideration is devoted to the investigation of the external effects arising in the industry of transportation and manifesting the failure of the market economy. In modern conditions the theory and practice of a comprehensive assessment of the efficiency of transport systems attracts scientific and practical interest. This is reflected in the rejection of a unilateral approach to transport, where its profitability is the only factor taken into account. The article discusses the theoretical bases to explain the reasons for the origin of the external effects (externalities), and also the practical measures needed for the public administration system to neutralize the effects of these market failures. They include the internalization of negative externalities and possible steps to accounting the positive externality associated with the implementation of transport services. Accounting the external effects in conjunction with the considered tools are presupposed to improve the quality of forecasting the pace of development of different types of transport and reasonability of the amounts of the investments required for the development of transport systems in the countries and regions.