High-speed rail (HSR) is not a “sufficient condition” but a “necessary condition” for regional development. Understanding how to use HSR for regional development is essential. Japan's Shinkansen (bullet train) has a 50-year history, and Japan has long attempted to utilize Shinkansen for...

High-speed rail (HSR) is not a "sufficient condition" but a "necessary condition" for regional development. Understanding how to use HSR for regional development is essential. Japan's Shinkansen (bullet train) has a 50-year history, and Japan has long attempted to utilize Shinkansen for regional...

The centre of economic activities in Japan was once in western Japan. Since the mid-nineteenth century, however, economic activities within Japan have been continuously shifting towards the east side of the country including Tokyo. Conventional wisdom associates the end of the Tokugawa feudal...

We identify negative spillovers exerted by large, successful manufacturing plants on other local production facilities in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in the 1950s. Our identification strategy exploits the...