IDEAS home Printed from https://ideas.repec.org/a/spr/anresc/v31y1997i2p155-174.html
   My bibliography  Save this article

Justifying a high-speed rail project: social value vs. regional growth

Author

Listed:
  • Fernand Martin

    (Department of Economics, UniversitÊ de MontrÊal, C.P. 6128 Succursale Centre-ville, MontrÊal, QuÊbec, Canada, H3C3J7)

Abstract

This article establishes a relationship between the net present value (NPV) of a High-Speed Rail (HSR) project and its social value, its transportation consumers` surplus (TCS) and its regional economic impact in terms of growth. First, it is shown that if the NPV is positive, it may generate growth even if no bottleneck exists. Second, when shadow-pricing and externalities are included in the calculations, and the HSR demand has been forecasted by a multinomial logit model, the NPV differs from its net economic impact. For instance, one variant of the project, though acceptable, reduces growth elsewhere in the economy. Decision-making is then in a quandary.

Suggested Citation

  • Fernand Martin, 1997. "Justifying a high-speed rail project: social value vs. regional growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 31(2), pages 155-174.
    • Handle: RePEc:spr:anresc:v:31:y:1997:i:2:p:155-174
    Note: Received: April 1996 / Accepted: May 1996
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/00168/papers/7031002/70310155.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted
    File URL: http://link.springer.de/link/service/journals/00168/papers/7031002/70310155.ps.gz
    Download Restriction: Access to the full text of the articles in this series is restricted
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kim, Hyojin & Sultana, Selima & Weber, Joe, 2018. "A geographic assessment of the economic development impact of Korean high-speed rail stations," Transport Policy, Elsevier, vol. 66(C), pages 127-137.
    2. Chen, Zhenhua, 2023. "Socioeconomic Impacts of high-speed rail: A bibliometric analysis," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).
    3. Wang, Chao & Chen, Junjing & Li, Boyan & Chen, Nengcheng & Wang, Wei, 2023. "Impact of high-speed railway construction on spatial patterns of regional economic development along the route: A case study of the Shanghai–Kunming high-speed railway," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    4. Campos, Javier & de Rus, Ginés, 2009. "Some stylized facts about high-speed rail: A review of HSR experiences around the world," Transport Policy, Elsevier, vol. 16(1), pages 19-28, January.
    5. Adler, Nicole & Pels, Eric & Nash, Chris, 2010. "High-speed rail and air transport competition: Game engineering as tool for cost-benefit analysis," Transportation Research Part B: Methodological, Elsevier, vol. 44(7), pages 812-833, August.
    6. Zhan, Shuguang & Wong, S.C. & Lo, S.M., 2020. "Social equity-based timetabling and ticket pricing for high-speed railways," Transportation Research Part A: Policy and Practice, Elsevier, vol. 137(C), pages 165-186.
    7. Kim, Hyojin & Sultana, Selima, 2015. "The impacts of high-speed rail extensions on accessibility and spatial equity changes in South Korea from 2004 to 2018," Journal of Transport Geography, Elsevier, vol. 45(C), pages 48-61.
    8. De Rus, Ginés, 2011. "The BCA of HSR: Should the Government Invest in High Speed Rail Infrastructure?," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(1), pages 1-28, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:anresc:v:31:y:1997:i:2:p:155-174. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.