Who are the winners and losers of high-speed rail?

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School of Business | Bachelor's thesis
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Date

2024

Department

Taloustieteen laitos

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Mcode

Degree programme

Bachelor’s programme in Economics

Language

en

Pages

24

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Abstract

The regional-economic effects of high-speed railway (HSR) are essential to understand for local governments and interest groups, who want to maximize their economic prospects, but also for central governments, who are interested in developing the transport system of the country efficiently and equitably. In this thesis, I consider the effect of receiving HSR infrastructure on different kinds of cities. With a literature review collecting experiences from different countries, I find that the chosen economic outcome (change in employment) is not trivial especially in small-to-mid-sized cities. Receiving a HSR station may cause firms to relocate to the treated city or away from it. More research and more sophisticated general equilibrium models are needed to make conclusive evidence that can be utilized in project appraisal processes. Additionally, I consider the effects on regional inequality based on the empirical literature. I find that country-spanning networks decrease inequality, but “incomplete” networks can increase disparities between regions.

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Thesis advisor

Stryjan, Miri

Keywords

high-speed railway, regional inequality, market access, transport infrastructure

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https://urn.fi/URN:NBN:fi:aalto-202401281921

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[kand] Kauppakorkeakoulu / BIZ