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A geographic assessment of the economic development impact of Korean high-speed rail stations

Hyojin Kim, Selima Sultana and Joe Weber

Transport Policy, 2018, vol. 66, issue C, 127-137

Abstract: As part of the balanced-development strategy, the Korean high-speed rail system−Korean Train eXpress (KTX)−is expected to serve not only as the next-generation intercity transit system, but also to have effects on regional development. With increased accessibility, HSR station locations have the potential to act as transport nodes as well as evolving as localized urban places by attracting higher-volume passenger flow and increasing economic activity. This paper evaluates the performance of KTX stations as an economic development strategy using the node-place concept, which simultaneously assesses a station's role as node and place. The calculated scores from the node-place index suggest various outcomes of KTX stations. While balanced stations are performing as both nodes and places and are located in urban centers, imbalanced stations that perform neither role well are found on urban peripheries. Our findings indicate imbalanced stations are less effective for attracting passengers and other economic activities. HSR station vitality is depends on interactions with existing urbanized areas, and those located in urban peripheries typically lack this. Station proximity to central business districts is an important consideration for locating future KTX stations in either mid-size cities or suburban areas, in order to maximize the economic impacts of KTX services.

Keywords: High-speed rail; KTX stations; Urban development; Node-place model (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:trapol:v:66:y:2018:i:c:p:127-137