Can high-speed rail have a transformative effect on the economy?

Roger Vickerman

Transport Policy, 2018, vol. 62, issue C, 31-37

Abstract: High-speed rail is frequently claimed to have a transformative effect on the economy. By bringing cities and regions closer together it is argued that economies can benefit from lower generalised costs of transport leading to enhanced growth and productivity. A counter argument is that such effects are largely redistributive with some regions benefiting and others suffering depending on their ability to take advantage of new opportunities. However, some argue further than this and claim that such step changes in transport provision can lead to major changes in economic structure that can transform regions’ absolute as well as relative position and thus redress the existence of regional disparities.

Keywords: High-speed rail; Economic appraisal; Wider economic imapcts; Economic transformation; Regional development (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (50)

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DOI: 10.1016/j.tranpol.2017.03.008

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