The study introduces and applies the concept of spillover effects to high-speed rail development to formulate the economic impact on increasing the regional tax revenue. The previous study covered JR-Kyushu's development of the Kyushu Shinkansen (Kagoshima Route) in Kyushu region, Japan. The...

In the current economical and financial crisis, the economic evaluation of transport infrastructure investment projects is of most importance. Given the need of most governments to reduce spending and control the deficit, having tools that facilitate decision-making seems to be a key objective....

Many nations across the world are building High Speed Railways Network. Recently, one of the Major entrants into this sector is the Republic of India. India already has a vast and well-established network of Railways. Though it is run professionally, there are still certain shortcomings of the...

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...

The European Union introduced the concept of Trans-European transport networks in 1996 and developed it from a set of projects into a comprehensive network plan in 2013. The high-priority components of this plan (for 2050) are a core network and nine core network corridors (CNCs), which the...

High-speed rail integrates regions and cities, and thus can possibly have significant impacts on the distribution of economic activities. Using the opening and extensions of a high-speed rail, Shinkansen, in Kyushu, Japan, we examine its effects on the distribution of economic activities across...

This study investigates the impact of high-speed rail investment on the economy and environment in China using a computable general equilibrium (CGE) model with a focus on the period 2002-2013. The analysis is implemented in a dynamic recursive framework capturing long-run capital accumulation...

In a study published in 2018 the Vienna Institute for International Economic Studies (wiiw) proposed the construction of a 'European Silk Road' encompassing a high-speed railway (HSR) network for Europe. To compliment the economic feasibility analysis by wiiw, this report aims to determine the...

Secretary of Transportation Pete Buttigieg’s proposal to make the United States a “world leader” in high‐​speed rail would add more than $4 trillion to the federal debt for construction of new rail lines plus tens of billions of dollars of annual deficit spending to subsidize operating...

This study examines the impact of high-speed rail (HSR) on the formation of consumer cities in China. We employ the market access (MA) approach and construct the least-cost path spanning tree network as an instrument to estimate the causal impact of HSR development on the socio-economic changes...