High-Speed Rail, Regional Economics, and Urban Development in China
Traditional economic evaluations of major transport infrastructure investments focus on the direct costs and benefits arising from travel, including user time savings, operator cost savings, and reductions in externalities including air pollution,...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Beijing
2016
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| Online Access: | http://documents.worldbank.org/curated/en/663511468220788389/High-speed-rail-regional-economics-and-urban-development-in-China http://hdl.handle.net/10986/25484 |
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okr-10986-254842021-04-23T14:04:31Z High-Speed Rail, Regional Economics, and Urban Development in China Salzberg, Andrew Bullock, Richard Ying, Jin Fang, Wanli ACCESSIBILITY ACCIDENTS AGGLOMERATION BENEFITS AGGLOMERATION ECONOMIES AIR AIR POLLUTION AIR SERVICE AIR SERVICES AIR TRAVEL AIRPORT AIRPORTS BEST PRACTICE BUS BUSES BUSINESS ACTIVITIES BUSINESS PLANNING BUSINESS PLANS BUSINESS SERVICES BUSINESSES CAPITAL INVESTMENT COMMERCE COMMUTERS CONNECTIVITY COST OF TRAVEL COST-BENEFIT ANALYSIS DESIGN SPEED DEVELOPMENT PROCESSES DIRECT TRAVEL ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ELASTICITY FEASIBILITY STUDIES FINANCIAL SUPPORT FREIGHT FRICTION GDP GENERATED TRAFFIC GROWTH RATE HIGH SPEED RAIL HIGH-SPEED RAIL HIGHWAY HIGHWAYS INTERNATIONAL TRADE JOURNEYS LAND USE LOCAL TRANSPORT MANUFACTURING MANUFACTURING INDUSTRIES MARKET ACCESS MASS MEASUREMENTS MODE SPLIT NATIONAL HIGHWAYS NETWORKS NOISE PASSENGER PASSENGERS POSITIVE EXTERNALITIES PRESSURE PRODUCTIVITY PROVINCIAL HIGHWAYS RAIL RIDERSHIP RAIL SERVICE RAIL SERVICES RAIL TRAVEL RAILWAY RAILWAY LINE RAILWAY NETWORK RAILWAYS REDUCTIONS IN EXTERNALITIES RESULTS ROAD ROUTE ROUTES SKILLED WORKERS SPEED STATISTICAL ANALYSIS TRAFFIC TRAINS TRANSITIONS TRANSPORT TRANSPORT ACCESS TRANSPORT IMPROVEMENT TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT MODES TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORTATION TRANSPORTATION INVESTMENT TRAVEL BEHAVIOR TRAVEL COSTS TRAVEL DISTANCE TRAVEL TIME TRAVEL TIMES TRIP TRIPS URBAN DEVELOPMENT USER WAGE RATES WAGES WWW Traditional economic evaluations of major transport infrastructure investments focus on the direct costs and benefits arising from travel, including user time savings, operator cost savings, and reductions in externalities including air pollution, noise, and accidents. There is an emerging consensus that major transport investments may have significant impacts that are not well captured by this type of conventional cost-benefit analysis. In China, the World Bank transport team has supported both econometric studies and on-the-ground surveys that begin to identify and quantify these impacts in the context of China's emerging High Speed Rail (HSR) program. Based on this and other research, the Bank team has begun to pilot a methodology to evaluate wider economic development benefits for several HSR projects, and has found them to be significant - of the same order as, but additional to the direct transport benefits that are traditionally measured. Crucially, these benefits of larger and better connected markets accrue to businesses and individuals even when they themselves do not travel. This paper highlights this research and methodology and the policy implications related to maximizing these benefits in practice. 2016-11-29T20:05:48Z 2016-11-29T20:05:48Z 2013-01 Brief http://documents.worldbank.org/curated/en/663511468220788389/High-speed-rail-regional-economics-and-urban-development-in-China http://hdl.handle.net/10986/25484 English en_US China Transport Topics;No. 8 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Beijing Publications & Research Publications & Research :: Brief East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESSIBILITY ACCIDENTS AGGLOMERATION BENEFITS AGGLOMERATION ECONOMIES AIR AIR POLLUTION AIR SERVICE AIR SERVICES AIR TRAVEL AIRPORT AIRPORTS BEST PRACTICE BUS BUSES BUSINESS ACTIVITIES BUSINESS PLANNING BUSINESS PLANS BUSINESS SERVICES BUSINESSES CAPITAL INVESTMENT COMMERCE COMMUTERS CONNECTIVITY COST OF TRAVEL COST-BENEFIT ANALYSIS DESIGN SPEED DEVELOPMENT PROCESSES DIRECT TRAVEL ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ELASTICITY FEASIBILITY STUDIES FINANCIAL SUPPORT FREIGHT FRICTION GDP GENERATED TRAFFIC GROWTH RATE HIGH SPEED RAIL HIGH-SPEED RAIL HIGHWAY HIGHWAYS INTERNATIONAL TRADE JOURNEYS LAND USE LOCAL TRANSPORT MANUFACTURING MANUFACTURING INDUSTRIES MARKET ACCESS MASS MEASUREMENTS MODE SPLIT NATIONAL HIGHWAYS NETWORKS NOISE PASSENGER PASSENGERS POSITIVE EXTERNALITIES PRESSURE PRODUCTIVITY PROVINCIAL HIGHWAYS RAIL RIDERSHIP RAIL SERVICE RAIL SERVICES RAIL TRAVEL RAILWAY RAILWAY LINE RAILWAY NETWORK RAILWAYS REDUCTIONS IN EXTERNALITIES RESULTS ROAD ROUTE ROUTES SKILLED WORKERS SPEED STATISTICAL ANALYSIS TRAFFIC TRAINS TRANSITIONS TRANSPORT TRANSPORT ACCESS TRANSPORT IMPROVEMENT TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT MODES TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORTATION TRANSPORTATION INVESTMENT TRAVEL BEHAVIOR TRAVEL COSTS TRAVEL DISTANCE TRAVEL TIME TRAVEL TIMES TRIP TRIPS URBAN DEVELOPMENT USER WAGE RATES WAGES WWW |
| spellingShingle |
ACCESSIBILITY ACCIDENTS AGGLOMERATION BENEFITS AGGLOMERATION ECONOMIES AIR AIR POLLUTION AIR SERVICE AIR SERVICES AIR TRAVEL AIRPORT AIRPORTS BEST PRACTICE BUS BUSES BUSINESS ACTIVITIES BUSINESS PLANNING BUSINESS PLANS BUSINESS SERVICES BUSINESSES CAPITAL INVESTMENT COMMERCE COMMUTERS CONNECTIVITY COST OF TRAVEL COST-BENEFIT ANALYSIS DESIGN SPEED DEVELOPMENT PROCESSES DIRECT TRAVEL ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ELASTICITY FEASIBILITY STUDIES FINANCIAL SUPPORT FREIGHT FRICTION GDP GENERATED TRAFFIC GROWTH RATE HIGH SPEED RAIL HIGH-SPEED RAIL HIGHWAY HIGHWAYS INTERNATIONAL TRADE JOURNEYS LAND USE LOCAL TRANSPORT MANUFACTURING MANUFACTURING INDUSTRIES MARKET ACCESS MASS MEASUREMENTS MODE SPLIT NATIONAL HIGHWAYS NETWORKS NOISE PASSENGER PASSENGERS POSITIVE EXTERNALITIES PRESSURE PRODUCTIVITY PROVINCIAL HIGHWAYS RAIL RIDERSHIP RAIL SERVICE RAIL SERVICES RAIL TRAVEL RAILWAY RAILWAY LINE RAILWAY NETWORK RAILWAYS REDUCTIONS IN EXTERNALITIES RESULTS ROAD ROUTE ROUTES SKILLED WORKERS SPEED STATISTICAL ANALYSIS TRAFFIC TRAINS TRANSITIONS TRANSPORT TRANSPORT ACCESS TRANSPORT IMPROVEMENT TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT MODES TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORTATION TRANSPORTATION INVESTMENT TRAVEL BEHAVIOR TRAVEL COSTS TRAVEL DISTANCE TRAVEL TIME TRAVEL TIMES TRIP TRIPS URBAN DEVELOPMENT USER WAGE RATES WAGES WWW Salzberg, Andrew Bullock, Richard Ying, Jin Fang, Wanli High-Speed Rail, Regional Economics, and Urban Development in China |
| geographic_facet |
East Asia and Pacific China |
| relation |
China Transport Topics;No. 8 |
| description |
Traditional economic evaluations of
major transport infrastructure investments focus on the
direct costs and benefits arising from travel, including
user time savings, operator cost savings, and reductions in
externalities including air pollution, noise, and accidents.
There is an emerging consensus that major transport
investments may have significant impacts that are not well
captured by this type of conventional cost-benefit analysis.
In China, the World Bank transport team has supported both
econometric studies and on-the-ground surveys that begin to
identify and quantify these impacts in the context of
China's emerging High Speed Rail (HSR) program. Based
on this and other research, the Bank team has begun to pilot
a methodology to evaluate wider economic development
benefits for several HSR projects, and has found them to be
significant - of the same order as, but additional to the
direct transport benefits that are traditionally measured.
Crucially, these benefits of larger and better connected
markets accrue to businesses and individuals even when they
themselves do not travel. This paper highlights this
research and methodology and the policy implications related
to maximizing these benefits in practice. |
| format |
Brief |
| author |
Salzberg, Andrew Bullock, Richard Ying, Jin Fang, Wanli |
| author_facet |
Salzberg, Andrew Bullock, Richard Ying, Jin Fang, Wanli |
| author_sort |
Salzberg, Andrew |
| title |
High-Speed Rail, Regional Economics, and Urban Development in China |
| title_short |
High-Speed Rail, Regional Economics, and Urban Development in China |
| title_full |
High-Speed Rail, Regional Economics, and Urban Development in China |
| title_fullStr |
High-Speed Rail, Regional Economics, and Urban Development in China |
| title_full_unstemmed |
High-Speed Rail, Regional Economics, and Urban Development in China |
| title_sort |
high-speed rail, regional economics, and urban development in china |
| publisher |
World Bank, Beijing |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/663511468220788389/High-speed-rail-regional-economics-and-urban-development-in-China http://hdl.handle.net/10986/25484 |
| _version_ |
1764459744779567104 |