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The Economics of Investment in High-Speed Rail: Summary and Conclusions

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  • John Preston

    (University of Southampton)

Abstract

From its origin with the Tokaido Shinkansen in 1964, High Speed Rail (HSR), defined here as new rail lines capable of operating speeds of 250 kilometres per hour or more, has grown relatively slowly over the last 50 years, with the World HSR network as of late 2013 standing at under 22 000 km. However, the network has been growing rapidly in recent years. With the first opening as recently as 2007, China has already an HSR network of almost 10,000 km. with a further 9 000 km under construction (out of a worldwide total of 14,000 km of line under construction).

Suggested Citation

  • John Preston, 2013. "The Economics of Investment in High-Speed Rail: Summary and Conclusions," International Transport Forum Discussion Papers 2013/30, OECD Publishing.
    • Handle: RePEc:oec:itfaab:2013/30-en
    DOI: 10.1787/5jz40rnjkgxw-en
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    Cited by:

    1. Albalate, Daniel & Fageda, Xavier, 2016. "High speed rail and tourism: Empirical evidence from Spain," Transportation Research Part A: Policy and Practice, Elsevier, vol. 85(C), pages 174-185.
    2. Ofelia Betancor & Gerard Llobet, 2015. "Contabilidad Financiera y Social de la Alta Velocidad en Espana," Studies on the Spanish Economy eee2015-08, FEDEA.
    3. Albalate, Daniel & Bel, Germà & Fageda, Xavier, 2015. "Competition and cooperation between high-speed rail and air transportation services in Europe," Journal of Transport Geography, Elsevier, vol. 42(C), pages 166-174.
    4. Chuantao Cui & Leona Shao-Zhi Li, 2019. "High-speed rail and inventory reduction: firm-level evidence from China," Applied Economics, Taylor & Francis Journals, vol. 51(25), pages 2715-2730, May.
    5. Daniel Albalate del sol, 2015. "Evaluating HSR availability on Tourism: Evidence from Spanish Provinces and Cities," ERSA conference papers ersa15p288, European Regional Science Association.
    6. Raghuram, G. & Udayakumar, Prashanth D., 2016. "Dedicated High Speed Rail Network in India: Issues in Development," IIMA Working Papers WP2016-03-58, Indian Institute of Management Ahmedabad, Research and Publication Department.
    7. Beria, Paolo & Grimaldi, Raffaele & Albalate, Daniel & Bel, Germà, 2018. "Delusions of success: Costs and demand of high-speed rail in Italy and Spain," Transport Policy, Elsevier, vol. 68(C), pages 63-79.
    8. Mu, Rui & de Jong, Martin & Ma, Yongchi & Xi, Bao, 2015. "Trading off public values in High-Speed Rail development in China," Journal of Transport Geography, Elsevier, vol. 43(C), pages 66-77.
    9. Carlos Augusto Olarte Bacares & Julien Brunel & Damien Sigaud, 2019. "Influence of the evolution of high-speed railway infrastructure on the success of Italian liberalization," Competition and Regulation in Network Industries, , vol. 20(2), pages 113-137, June.

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