The Institute of Transport Economics is a research institution working within the field of transport economics

Transport economics

Transport economics is a branch of economics that deals with the allocation of resources within the transport sector and has strong linkages with civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does...

, predominantly applied research

Applied research

Applied research is a form of systematic inquiry involving the practical application of science. It accesses and uses some part of the research communities' accumulated theories, knowledge, methods, and techniques, for a specific, often state, business, or client driven purpose...

 in Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

. It was founded as a government agency

Government agency

A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...

 in 1958, and since 1964 as a subsidiary of the Royal Norwegian Council for Scientific and Industrial Research. Since 1986 it has been a private foundation

Foundation (charity)

A foundation is a legal categorization of nonprofit organizations that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes....

. Funding is provided through the Research Council of Norway (30%) and public authorities ordering reports. The institute is based at Blindern

Blindern

Blindern is the main campus of the University of Oslo, located in Nordre Aker in Oslo, Norway.-The campus:Most of the departments of the University of Oslo are located at Blindern; other, smaller campuses include Sentrum , Gaustad , St...

 in Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

, Norway.