Economic impacts of high-speed rail between Kuala Lumpur and Singapore: an application of IDE-GSM

Kumagai Satoru, Isono Ikumo and Kazunobu Hayakawa

No 700, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: This paper examines the potential economic impacts of the Kuala Lumpur (KL)–Singapore High-speed railway (HSR) using a CGE model based on spatial economics, called IDE-GSM. The simulations covered three different scenarios: (1) Singapore–KL non-stop express service, (2) Johor–KL local service, and (3) Singapore–Johor shuttle service. Simulations were also performed to compare the economic impacts of the project on Singapore and the thirteen states of Malaysia. Our simulation analysis revealed that the economic impacts of HSR for Malaysia and Singapore in the best policy mix are USD 1.589 billion and USD 641 million a year for 2030, respectively.

Keywords: Malaysia; Singapore; Simulation; New economic geography; Railway; Capital transfer; Economic geography (search for similar items in EconPapers)
JEL-codes: R12 R13 R42 (search for similar items in EconPapers)
Date: 2018-03
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 700. 2018-03

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