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A review of HSR experiences around the world

Author

Listed:
  • 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.

Suggested Citation

  • Campos, Javier & de Rus, Gines & Barron, Ignacio, 2007. "A review of HSR experiences around the world," MPRA Paper 12397, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:12397
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    References listed on IDEAS

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    Cited by:

    1. Daniel Albalate & Germá Bel, 2015. "La experiencia internacional en alta velocidad ferroviaria," Working Papers 2015-02, FEDEA.
    2. 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;Western Regional Science Association, vol. 48(3), pages 801-817, June.
    3. Chandra, Shailesh & Vadali, Sharada, 2014. "Evaluating accessibility impacts of the proposed America 2050 high-speed rail corridor for the Appalachian Region," Journal of Transport Geography, Elsevier, vol. 37(C), pages 28-46.
    4. 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.
    5. Bert van Wee, 2011. "Transport and Ethics," Books, Edward Elgar Publishing, number 14281.
    6. De Rus, Ginés, 2011. "The BCA of HSR: Should the Government Invest in High Speed Rail Infrastructure?," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(1), pages 1-28, January.
    7. Daniel Albalate & Mattia Borsati, 2019. "“On the modal shift from motorway to high-speed rail: evidence from Italy”," IREA Working Papers 201910, University of Barcelona, Research Institute of Applied Economics, revised Jun 2019.

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    More about this item

    Keywords

    High speed rail; public investment; mega-projects; cost-benefit analysis;
    All these keywords.

    JEL classification:

    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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