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

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  • Kumagai, Satoru
  • Isono, Ikumo
  • Hayakawa, Kazunobu

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.

Suggested Citation

  • Kumagai, Satoru & Isono, Ikumo & Hayakawa, Kazunobu, 2018. "Economic impacts of high-speed rail between Kuala Lumpur and Singapore : an application of IDE-GSM," IDE Discussion Papers 700, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper700
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    References listed on IDEAS

    as
    1. Kumagai, Satoru & Hayakawa, Kazunobu & Isono, Ikumo & Keola, Souknilanh & Tsubota, Kenmei, 2013. "Geographical simulation analysis for logistics enhancement in Asia," Economic Modelling, Elsevier, vol. 34(C), pages 145-153.
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    More about this item

    Keywords

    Malaysia; Singapore; Simulation; New economic geography; Railway; Capital transfer; Economic geography;
    All these keywords.

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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