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Economic impacts of high speed rail: a regional perspective

In: High Speed Rail and China’s New Economic Geography

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Abstract

Chapter 10 evaluates the economic impacts of HSR in China from a regional perspective. The regional impacts of HSR were evaluated under a dynamic and spatial (multi-regional) general equilibrium modeling framework based on the actual rail infrastructure investment data for the period 2002–13. The research findings confirm that rail infrastructure development in China tends to have positive regional economic impacts with a gross output multiplier of 1.0 and a GDP multiplier of 0.21 in the long run. The aggregate impacts were found to be the highest in the north coastal regions (Beijing, Tianjin, Hebei and Shandong), whereas the impacts are relatively small in the less developed southwest and northwest regions. The research findings provide implications to planners and policy makers on future HSR development in both China and other countries.

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  • ., 2019. "Economic impacts of high speed rail: a regional perspective," Chapters, in: High Speed Rail and China’s New Economic Geography, chapter 10, pages 260-294, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17024_10
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    Citations

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    Cited by:

    1. Mohsen Momenitabar & Zhila Dehdari Ebrahimi & Mohammad Arani, 2020. "A Systematic and Analytical Review of the Socioeconomic and Environmental Impact of the Deployed High-Speed Rail (HSR) Systems on the World," Papers 2003.04452, arXiv.org, revised Mar 2020.
    2. Obermeier, Tim, 2022. "Individual Welfare Analysis: What's the Role of Intra-Family Preference Heterogeneity?," VfS Annual Conference 2022 (Basel): Big Data in Economics 264101, Verein für Socialpolitik / German Economic Association.

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