Does high-speed rail increase the economy?

The California High-Speed Rail Authority's 2021 Economic Analysis Report, issued earlier this year, illustrates the economic benefits of the high-speed rail program on a national, statewide and regional level, showing a rise in jobs and economic investment.



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High speed rail is not an economic development tool by itself, but it can activate economic development potential in numerous ways: saving time and money; expanding labor markets for employers and expanding employment opportunities for labor force; enhancing “clusters” of economic activity across regions; and creating ...

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With the right commercial strategy, high-speed rail (HSR) routes can be profitable, with some lines achieving modal shares of up to 65%.

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This paper highlights that HSR can help achieve accessibility of rural area and poverty alleviation simultaneously. An understanding of the effect is critical for policymakers to promote intra-regional development, balancing efficiency and regional equality.

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Rail currently provides low-cost long-distance transportation for heavy freight, which HSR is unlikely to do given its higher costs and the track damage caused by heavy trains. HSR may compete with the domestic air cargo industry, though its historically poor profitability suggests lackluster returns.

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High-Speed Rail is the Solution. Shifting drivers to trains creates fewer greenhouse gas emissions, since trains are far more energy efficient than cars (or planes).

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Social Benefits In addition to sprawl, a large country like the United States often has vast distances between populated areas. High-speed rail reduces the travelling distance between far flung suburbs and center cities. High-speed rail can also help to ease congestion of urban areas with mega-large populations.

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Empirical results suggest that the newly launched HSR services have induced industrial gentrification in the developed station area. Except for the displacement of agricultural production activities, HSR-induced industrial gentrification has not yet been manifested in the newly developed station area.

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HSR services raise the land prices in these areas. Increased accessibility and land prices can result in the displacement of lower-rent-affordability activities by higher-rent-affordability activities, also known as “gentrification.”

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Eurostar estimates that a one-way train trip emits around 10 pounds (4.5 kilograms) of CO2 per passenger, making it a much more sustainable choice compared to flying.

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The empirical results from the difference-in-differences method show that HSR connection does not promote tourism revenue but does boost tourist arrivals, leading to a negative effect of HSR connection on tourism revenue per arrival; these results are further confirmed by the instrumental variable method to address the ...

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High-speed rail travels roughly three times faster than cars and consumes around one tenth of the fuel.

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High-speed rail is generally regarded as the pinnacle of attractive and green transportation. But all too often, it makes train travel more expensive and less flexible. In the end, costly high-speed lines may just push more people into cars.

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Thus, during their long construction phases, high-speed rail projects add greenhouse gases. Adding lanes to existing highways also generates greenhouse gases, but to the extent that recycled asphalt is used for road paving climate impacts can be somewhat reduced.

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