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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

Presenting an analytical approach to assessing the socioeconomic impact of high speed rail in China, and using a multilevel spatial analysis approach at both the national and the regional level, this book emphasizes capturing the spatial spillover effects of rail infrastructure development on China’s economic geography in terms of land use, housing market, tourism, regional disparity, modal competition, the economy and environment.
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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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