This paper investigates the impact of Chinese high speed rail systems on the tourism industry. Through a multivariate panel analyses, the study confirms that during the period between 1999 and 2010, the emerging high speed rail services do have significant impacts on boosting tourism in China....

This paper introduces a new general equilibrium approach to evaluate economic impact of public transportation capital stock in the US. By treating public transportation capital as separated factor accounts, the model enables us to assess the economic impact of public transportation stock for...

The development of high speed rail infrastructures in the US faces a great challenge given the concern of economic viability and political complexity. However, a deeper investigation reveals that most of these concerns and complexity issues can be explained from a cultural perspective, which...

This paper investigates causal linkages between surface transportation infrastructures and economic performance in the northeast corridor in the United States. To improve the validity of estimation, financial data of highways, public rail and transit are measured in real dollar values. The panel...

This study introduces a new method called Spatial Econometric Computable General Equilibrium (SECGE) model, which integrates both spatial econometrics with computable general equilibrium modeling to improve the effectiveness of impact analysis on transportation infrastructure. Elasticities of...

With the election of a new government, intercity passenger rail, which had faded for years, is now back on President Obama's agenda. Technological innovation has brought focus to high speed intercity passenger rail transportation. This new focus has revealed too many people who are tired of...

We expand the traditional specification of the tax gain from leverage by accounting for the choice between issuing debt and utilizing internal retained earnings equity. Standard analyses focus solely on the choice between debt and external equity. This results in the traditional tax gain from...