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From periphery to core: economic adjustments to high speed rail

Ahlfeldt, Gabriel M. and Feddersen, Arne (2010) From periphery to core: economic adjustments to high speed rail. London School of Economics & University of Hamburg. (Unpublished)

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Abstract

This paper presents evidence that high speed rail systems, by bringing economic agents closer together, sustainably promote economic activity within regions that enjoy an increase in accessibility. Our results on the one hand confirm expectations that have led to huge public investments into high speed rail all over the world. On the other hand, they confirm theoretical predictions arising from a consolidate body of (New) Economic Geography literature taking a positive, man-made and reproducible shock as a case in point. We argue that the economic geography framework can help to derive exante predictions on the economic impact of transport projects. The subject case is the German high speed rail track connecting Cologne and Frankfurt, which, as we argue, provides exogenous variation in access to regions due to the construction of intermediate stations in the towns of Limburg and Montabaur.

Item Type: Monograph (Working Paper)
Additional Information: © 2010 the authors
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HE Transportation and Communications
Journal of Economic Literature Classification System: R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade
R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R38 - Government Policies; Regulatory Policies
R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R48 - Government Pricing; Regulatory Policies
Sets: Collections > Economists Online
Departments > Geography and Environment
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 21 Sep 2010 11:10
URL: http://eprints.lse.ac.uk/29430/

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