High Speed Rail and China’s New Economic Geography
Impact Assessment from the Regional Science Perspective
Zhenhua Chen, Kingsley E. Haynes, Yulong Zhou and Zhaoxin Dai
Chapter 10: Economic impacts of high speed rail: a regional perspective
Zhenhua Chen, Kingsley E. Haynes, Yulong Zhou and Zhaoxin Dai
Extract
Chapter 10 evaluates the economic impacts of HSR in China from a regional perspective. The regional impacts of HSR were evaluated under a dynamic and spatial (multi-regional) general equilibrium modeling framework based on the actual rail infrastructure investment data for the period 2002–13. The research findings confirm that rail infrastructure development in China tends to have positive regional economic impacts with a gross output multiplier of 1.0 and a GDP multiplier of 0.21 in the long run. The aggregate impacts were found to be the highest in the north coastal regions (Beijing, Tianjin, Hebei and Shandong), whereas the impacts are relatively small in the less developed southwest and northwest regions. The research findings provide implications to planners and policy makers on future HSR development in both China and other countries.
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