The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

We investigate the relationship between high-speed rail (HSR) and agglomeration economy in the scope of specialization and diversity to answer two questions: first, to determine whether specialization or diversity promotes economic productivity, and second, to determine whether HSR promotes...

This paper uses highly disaggregate data to study the impact of a new metro on firm productivity. The planned-route IV methodology ensures the causality of results and a fine spatial scale detects the geographical scale of the impact. We find that within 750 meters to stations aggregate value...

The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

In this paper, the relationship between high-speed rail (HSR) and agglomeration economy in the scope of specialization and diversity is investigated. The main objective is to answer two questions: first, to determine whether specialization or diversity promotes economic productivity, and second,...

We examine effects of urban passenger rail upgrades to Auckland's Western Line. The upgrades, and associated urban renewal projects, were announced in mid-2005. International experience indicates that the anticipated benefits of the upgrades should be factored into people's location and pricing...

We examine effects of urban passenger rail upgrades to Auckland's Western Line, including double tracking, station development, and related urban renewal projects. The results are used to assess anticipated net benefits of the developments. The rail-related upgrades are expected to be completed...