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Impacts of High-Speed Rail Construction on Urban Agglomerations: Evidence from Kyushu in Japan

Author

Listed:
  • Chigusa Okamoto

    (Graduate School of Economics, The University of Tokyo)

  • Yasuhiro Sato

    (Faculty of Economics, The University of Tokyo)

Abstract

High-speed rail integrates regions and cities, and thus can possibly have significant impacts on the distribution of economic activities. Using the opening an d extensions of a high-speed rail, Shinkansen, in Kyushu, Japan, we examine its effect s on the distribution of economic activities across urban agglomerations. We focus on chan ges in land prices and estimate hedonic price equations to conduct a difference-in-differe nce analysis. We find that the large metropolitan areas gained from the high-speed rail by exp eriencing increases in land prices, whereas small metropolitan areas located between the m lost by experiencing decreased land prices. However, such positive effects are shown t o be limited to areas close to Shinkansen stations.

Suggested Citation

  • Chigusa Okamoto & Yasuhiro Sato, 2018. "Impacts of High-Speed Rail Construction on Urban Agglomerations: Evidence from Kyushu in Japan," CIRJE F-Series CIRJE-F-1097, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:2018cf1097
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