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A review of HSR experiences around the world

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Author Info

  • Campos, Javier
  • de Rus, Gines
  • Barron, Ignacio

Abstract

High Speed Railways (HSR) is currently regarded as one of the most significant technological breakthroughs in passenger transportation developed in the second half of the 20th century. At the beginning of 2008 there were about 10,000 kilometres of new high speed lines in operation around the world and, in total (including upgraded conventional tracks), more than 20,000 kilometres of the worldwide rail network was devoted to provide high speed services to passengers willing to pay for a lower travel time and a quality improvement in rail transport. However, building, maintaining and operating HSR lines is expensive, involves a significant amount of sunk costs and may substantially compromise both the transport policy of a country and the development of its transport sector for decades. For these reasons it deserves a closer look, well beyond the technological hype and the demand figures. The main objective of this paper is to discuss some characteristics of the HSR services from an economic viewpoint, while simultaneously developing an empirical framework that help us to understand in more detail the cost and demand sides of this transport alternative. This understanding is especially useful for future projects, since it will lead to a better analysis of the expected construction and operating costs, and of the number of passengers to be carried out under different economic and geographic conditions.

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File URL: http://mpra.ub.uni-muenchen.de/12397/
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File URL: http://mpra.ub.uni-muenchen.de/38669/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12397.

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Date of creation: 2007
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Handle: RePEc:pra:mprapa:12397

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Related research

Keywords: High speed rail; public investment; mega-projects; cost-benefit analysis;

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References

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  1. Vickerman, R W, 1995. "The Regional Impacts of Trans-European Networks," The Annals of Regional Science, Springer, vol. 29(2), pages 237-54, May.
  2. Ivaldi, Marc & Vibes, Catherine, 2007. "Price Competition in the Intercity Passenger Transport Market : A Simulation Model," IDEI Working Papers 457, Institut d'Économie Industrielle (IDEI), Toulouse.
  3. C.A. Nash, 1991. "The case for high speed rail," Investigaciones Economicas, Fundación SEPI, vol. 15(2), pages 337-354, May.
  4. David Gillen & David Levinson & Jean Michel Mathieu & Adib Kanafani, 1997. "The full cost of high-speed rail: an engineering approach," The Annals of Regional Science, Springer, vol. 31(2), pages 189-215.
  5. Andrew W. Evans, 2003. "Accidental fatalities in transport," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 166(2), pages 253-260.
  6. Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
  7. K. E. Haynes & C. Karlsson & U. Blum, 1997. "Introduction to the special issue The regional and urban effects of high-speed trains," The Annals of Regional Science, Springer, vol. 31(1), pages 1-20.
  8. Juan Martín & Gustavo Nombela, 2007. "Microeconomic impacts of investments in high speed trains in Spain," The Annals of Regional Science, Springer, vol. 41(3), pages 715-733, September.
  9. Kingsley E. Haynes, 1997. "Labor markets and regional transportation improvements: the case of high-speed trains An introduction and review," The Annals of Regional Science, Springer, vol. 31(1), pages 57-76.
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Cited by:
  1. Enrique Moral-Benito, 2012. "Bayesian posterior prediction and meta-analysis: an application to the value of travel time savings," The Annals of Regional Science, Springer, vol. 48(3), pages 801-817, June.
  2. Marie Delaplace, 2011. "High-Speed Rail and local economic development A theoretical analysis based on service innovations theory," ERSA conference papers ersa10p169, European Regional Science Association.

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