High-Speed Rail and China’s New Economic Geography presents an analytical approach to assessing the socioeconomic impact of high-speed rail in China, with an emphasis on capturing the spatial spillover effects of rail infrastructure development on China’s economic geography in terms of land use, housing market, tourism, regional disparity, modal competition, the economy and environment.
The assessment involves a multilevel spatial analysis approach at both the national and the regional level. The methods include partial equilibrium analysis characterized by a spatial econometric modeling and the state-of-the-art computable general equilibrium modeling. It provides a basis for policy decision making and operational considerations.
Academic scholars and students who are specialized in regional economics, urban planning, public policy, and transportation will find this book useful. Practitioners and policy-makers will also find this book valuable as the empirical findings provide implications for future transportation planning and development.
Endorsements
“This timely book by Chen and Haynes provides a variety of quantitative evidences on how this new transportation innovation has reshaped China’s economic geography. This inspiring analysis effectively connects many inter-related pieces together – economic growth and disparity, land use, real estate, tourism, other transportation modes, and the environment, so that readers can gain a thorough understanding of how high-speed rail has changed the whole country and beyond.”
– Siqi Zheng, MIT Department of Urban Studies and Planning, US
“The rapid development of China’s high speed rail network over the last 15 years is unprecedented in the history of modern transportation. This book provides by far the most comprehensive assessment of various impacts of the development, on the economy, regional economic disparity, environment, tourism, land values, housing prices, and domestic air transportation. The quantitative analyses are meticulous, and the results convincing. The book is a valuable contribution to the literature of transport economics and geography.”
– Zhi Liu, Lincoln Institute of Land Policy, US
“A very welcome addition to the economic literature. This groundbreaking work to demonstrate the positive impact HSR has on reducing economic disparities between regions is particularly interesting and relevant for our work at the World Bank.”
– Martha B. Lawrence, World Bank