Li, Zhigang; Xu, Hangtian - 2016
same time. The service sector is crucial in this process because, unlike other land transport infrastructure, HSR mainly … saves transport time for people, but not cargo. Incorporating this feature to the model of Ottaviano et al. (2002), we show … empirical evidence from the 1982 opening of two major HSRs in Japan (Shinkansen), which saved intercity travel time by as much …