 Economic and environmental impacts of high speed rail: a national perspective. Chapter 9 in High Speed Rail and China’s New Economic Geography, 2019, pp 236-259 from Edward Elgar Publishing Abstract: Chapter 9 investigates the national level impact of HSR investment on the economy and the environment in China using a computable general equilibrium (CGE) model with a focus on the period 2002–13. The analysis is implemented in a dynamic recursive framework capturing long-run capital accumulation and labor market equilibrium. A national level impact was simulated through direct impact drivers including land use conversion, output expansion, cost reduction, productivity increase, transport demand substitution and induced demand. The results suggest that rail investment in China has been a positive stimulus to both the economy and social welfare, while the effect on CO2 emissions has been large and significant. Overall, the economic and welfare contributions of rail investment are achieved primarily through induced demand and output expansion, whereas the contribution from a reduction of rail transportation costs and rail productivity increases are modest. Keywords: Asian Studies; Economics and Finance; Geography; Urban and Regional Studies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17024_9 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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