The focus of this study is to assess the causal impact of the connection of a local area to a high-speed rail network (HSR) on firms' total factor productivity (TFP). The quasi-random location of the HSR station in the Italian city of Reggio Emilia is exploited in a Difference-in Differences...

India has one of the largest rail networks in the world but has no line which can be classified as HSR allowing operational speed of 125 mph. The current fastest train runs at 100 mph over a distance of only around 100 miles. However, supported by a robust political willingness, a new HSR...

In a high-speed railway (HSR) corridor, diverse train services are provided by railway companies. These different trains’ features own various attributes (e.g., departure time, running speed, and fare) being the basis and focus for passengers deciding their travel. Besides, passenger’s...

This study addresses the debate on whether high-speed railroad (HSR) polarizes or balances economic geography. We find that both can occur: while the service sector tends to agglomerate, the manufacturing sector may decentralize; moreover, economic activities may agglomerate from distant areas to...

In this paper, the optimal timing for investing in high speed rail projects under uncertainty in relation to the utility provided to railway users was investigated. To accomplish this, a continuous time real options analysis framework using a stochastic demand model was developed to determine...