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Economic Development Impacts of High Speed Rail

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  • David Levinson

    ()
    (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)

Abstract

This paper reviews the state of high-speed rail (HSR) planning in the United States c. 2010. The plans generally call for a set of barely inter-connected hub-and-spoke networks. The evidence from US transit systems shows that lines have two major impacts. There are positive accessibility benefits near stations, but there are negative nuisance effects along the lines themselves. High speed lines are unlikely to have local accessibility benefits separate from connecting local transit lines because there is little advantage for most people or businesses to locate near a line used infrequently (unlike public transit). However they may have more widespread metropolitan level effects. They will retain, and perhaps worse, have much higher, nuisance effects. If high-speed rail lines can create larger effective regions, that might affect the distribution of who wins and loses from such infrastructure. The magnitude of agglomeration economies is uncertain (and certainly location-specific), but presents the best case that can be made in favor of HSR in the US.

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File URL: http://nexus.umn.edu/Papers/EconomicDevelopmentImpactsOfHSR.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number 000072.

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Date of creation: 2010
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Handle: RePEc:nex:wpaper:economicdevelopmentimpactsofhsr

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Postal: Dept. of Civil Engineering, 500 Pillsbury Drive SE, Minneapolis, MN 55455
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Web page: http://nexus.umn.edu
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Related research

Keywords: high-speed rail; public transportation; economic development; land use; hub-and-spoke;

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  1. Richard Voith, 1991. "Changing capitalization of CBD-oriented transportation systems: evidence from Philadelphia, 1970-1988," Working Papers 91-19, Federal Reserve Bank of Philadelphia.
  2. Michael Iacono & David Levinson & Zhirong (Jerry) Zhao, 2009. "Value Capture for Transportation Finance," Working Papers 000064, University of Minnesota: Nexus Research Group.
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