Impacts of High-Speed Rail Construction on Urban Agglomerations: Evidence from Kyushu in Japan

Chigusa Okamoto and Yasuhiro Sato
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Chigusa Okamoto: Graduate School of Economics, The University of Tokyo

No CIRJE-F-1097, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: High-speed rail integrates regions and cities, and thus can possibly have significant impacts on the distribution of economic activities. Using the opening an d extensions of a high-speed rail, Shinkansen, in Kyushu, Japan, we examine its effect s on the distribution of economic activities across urban agglomerations. We focus on chan ges in land prices and estimate hedonic price equations to conduct a difference-in-differe nce analysis. We find that the large metropolitan areas gained from the high-speed rail by exp eriencing increases in land prices, whereas small metropolitan areas located between the m lost by experiencing decreased land prices. However, such positive effects are shown t o be limited to areas close to Shinkansen stations.

Pages: 42 pages
Date: 2018-10
New Economics Papers: this item is included in nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2018cf1097

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