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

Vickerman, Roger W. (2017) Can high-speed rail have a transformative effect on the economy? Transport Policy, 62 . pp. 31-37. ISSN 0967-070X. E-ISSN 1879-310X. (doi:10.1016/j.tranpol.2017.03.008) (KAR id:61272)

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Abstract

High-speed rail is frequently claimed to have a transformative effect on the economy. By

lower generalised costs of transport leading to enhanced growth and productivity. A

and others suffering depending on their ability to take advantage of new opportunities.

provision can lead to major changes in economic structure that can transform regions’

In this paper, we address the question as to whether there is a clear and robust economic

evidence to support it? The paper uses evidence from the North-west European High-Speed

followed by a discussion of the various claims and counter-claims for the impact of the

this some of the implications for the appraisal of such projects are considered. The main

transformative, but coupled with other policy interventions it can contribute to such an

effect.

Item Type: Article
DOI/Identification number: 10.1016/j.tranpol.2017.03.008
Uncontrolled keywords: High-speed rail; economic appraisal; wider economic imapcts; economic transformation; regional development
Subjects: H Social Sciences > HE Transportation and Communications
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Roger Vickerman
Date Deposited: 07 Apr 2017 08:19 UTC
Last Modified: 29 May 2019 18:55 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/61272 (The current URI for this page, for reference purposes)
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