Campos, Javier and de Rus, Gines and Barron, Ignacio (2007): A review of HSR experiences around the world.
Download (1873Kb) | Preview
High Speed Railways (HSR) is currently regarded as one of the most significant technological breakthroughs in passenger transportation developed in the second half of the 20th century. At the beginning of 2008 there were about 10,000 kilometres of new high speed lines in operation around the world and, in total (including upgraded conventional tracks), more than 20,000 kilometres of the worldwide rail network was devoted to provide high speed services to passengers willing to pay for a lower travel time and a quality improvement in rail transport.
However, building, maintaining and operating HSR lines is expensive, involves a significant amount of sunk costs and may substantially compromise both the transport policy of a country and the development of its transport sector for decades. For these reasons it deserves a closer look, well beyond the technological hype and the demand figures. The main objective of this paper is to discuss some characteristics of the HSR services from an economic viewpoint, while simultaneously developing an empirical framework that help us to understand in more detail the cost and demand sides of this transport alternative. This understanding is especially useful for future projects, since it will lead to a better analysis of the expected construction and operating costs, and of the number of passengers to be carried out under different economic and geographic conditions.
|Item Type:||MPRA Paper|
|Original Title:||A review of HSR experiences around the world|
|Keywords:||High speed rail, public investment, mega-projects, cost-benefit analysis|
|Subjects:||L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L92 - Railroads and Other Surface Transportation
D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency; Cost-Benefit Analysis
|Depositing User:||Gines de Rus|
|Date Deposited:||28. Dec 2008 16:01|
|Last Modified:||16. Oct 2013 16:58|
ADLER, N., C. NASH AND E. PELS. “Infrastructure Pricing: The Case of Airline and High Speed Rail Competition”, Paper presented at the 11th World Conference on Transport Research, Berkeley (2007).
ATKINS. “High-Speed Line Study”. Summary report. Department of Environment, Transport and the Regions, London (2003).
BARRÓN DE ANGOITI, I. “Construction costs of high speed lines”. UIC, Paris (2004).
BERNARD, F. “TGV activity”, Paper presented at the UIC Training Seminar, Paris (2006).
BERRY, S.T. “Estimating discrete-choice models of product differentiation”. RAND Journal of Economics, 25 (1994): 242-262.
BLUM, U., HAYNES, K. E. AND KARLSSON, C. “Introduction” to special issue “The regional and urban effects of high-speed trains”, The Annals of Regional Science, 31 (1997): 1-20.
BONNAFOUS A. (1987) ‘The Regional Impact of the TGV”, Transportation 14 (1987): 127-137
BRÖCKER, J. “Computable general equilibrium analysis in transportation economics”. En Hensher, D.A., K.J. Button, K.Haynes and P. Stopher (eds) Handbook of Transport Geography and Spatial Systems: Handbooks in Transport Volume 5. Oxford: Elsevier, 2004. —, R. MEYER, N. SCHNEEKLOTH, C. SCHÜRMANN, K. SPIEKERMANN, M. WEGENER. “Modelling the Socio-economic and Spatial Impacts of EU Transport Policy”. IASON (Integrated Appraisal of Spatial, Economic and Network Effects of Transport Investments and Policies) Deliverable 6. Funded by 5th Framework RTD Programme, Kiel/Dortmund: Institut für Regionalforschung, Christian-Albrechts-Universität, Kiel/Institut für Raumplanung, Universität Dortmund, 2004a.
—, J., R. CAPELLO, L. LUNDQUIST, T. PÜTZ, J. ROUWENDAL, N. SCHNEEKLOTH, A. SPAIRANI, M. SPANGENBERG, K. SPIEKERMANN, R. VICKERMAN, M. WEGENER. “Territorial Impact of EU Transport and TEN Policies” Final Report of Action 2.1.1. of the European Spatial Planning Observation Network ESPON 2006. Kiel: Institut für Regionalforschung, Christian-Albrechts-Universität, 2004b.
BURMEISTER, A. AND K COLLETIS-WAH. “TGV et fonctions tertiaires: grand vitesse et entreprises de service à Lille et Valenciennes”. Transports Urbains, issue 93 (October-December, 1996).
CE DELFT. “To shift or not to shift, that’s the question. The environmental performance of the principal modes of freight and passenger transport in the policymaking context”. Delft (2003).
CICCONE, A. “Agglomeration effects in Europe”. European Economic Review 46, issue 2 (February 2002): 213-227
COST318. “Interaction between High Speed and Air Passenger Transport”. European Commission, Directorate General of Transport. Final Report. Luxembourg, 1998.
COTO-MILLAN, P. AND V. INGLADA. “Social benefit of investment projects: the case for high-speed rail”, chapter 23, Coto-Millán (ed.): Essays on Microeconomics and Industrial Organisation, Springer (2004).
CRISALLI, R., A. NUZZOLO, A. COMI,AND F. SCIANGULA. “A Schedule-Based Mode-Service Choice Model for the Assessment of Competition between Air Transport and High speed Services”. Paper presented at the 11th World Conference on Transport Research, Berkeley (2007).
DE RUS, G. AND INGLADA, V. “Análisis coste-beneficio del tren de alta velocidad en España”, Economía Aplicada, 3 (1993): 27-48.
—. AND INGLADA, V. “Cost-benefit analysis of the high-speed train in Spain”, The Annals of Regional Science, 31 (1997): 175-188.
—., J. CAMPOS AND G. NOMBELA. “Economía del Transporte”. Antoni Bosch, Barcelona (2003).
—. AND C. ROMAN. “Economic Evaluation of the High Speed Rail Madrid-Barcelona”. 8th Nectar Conference. Las Palmas (2005).
—. AND C. ROMÁN. “Análisis Económico de la Línea de Alta Velocidad Madrid-Barcelona”, Revista de Economía Aplicada, XIV, 42 (2006): 35-80.
—. AND G. NOMBELA. “Is the investment in high speed rail socially profitable?”. Journal of Transport Economics and Policy (2007).
—. and C. A. NASH: “In what circumstances is investment in HSR worthwhile?”,. Working paper. 4th Annual Conference on "Railroad Industry Structure, Competition and Investment (2007). Universidad Carlos III, Madrid.
DEPARTMENT FOR TRANSPORT. “Transport, Wider Economic Benefits, and Impacts on GDP”. Technical Paper (2005). Avaliable in: http://www.dft.gov.uk/pgr/economics/rdg/webia/transportwidereconomicbenefi3137
DEPARTMENT OF ENVIRONMENT, TRANSPORT AND THE REGIONS. “The incidence of imperfect competition in UK sectors and regions”, London (1999).
—. “High speed line study. Feasibility study by Atkins for the Strategic Rail Authority”, London (2004).
DORNBUSCH, J. “Nantes, sept ans après l’arrivée du TGV Atlantique”. Notes de Synthese du SES, Mai-Juin (1997).
ELHORST, J.P., J. OOSTERHAVEN, A.E. ROMP. “Integral Cost-Benefit Analysis of Maglev Technology Under Market Imperfections”. SOM Research Report, Unviersity of Groningen, (2004). Available at http://irs.ub.rug.nl/ppn/268887764
EUROPEAN COMMISSION. “Council Directive 96/48/EC on the interoperability of the trans-European high speed rail system”, Brussels (1996).
—. “Guide to cost-benefit analysis of major projects. In the context of EC regional policy”. Directorate-General XVI. Brussels (1997).
—. “European transport policy for 2010: time to decide”, White Paper, Brussels (2001).
—. “High Level Group on the Trans-European Transport Network”, Repor. Bruselas: European Commission, 2003.
—. “Trans-European Transport Network, TEN-T Priority Axes and Projects”. Bruselas: European Commission, 2005.
EVANS, AW. “Accidental fatalities in transport”. JRSS Series A, 162 (2) (2003): 253-260.
FLYVBJERG, B. SKAMRIS, M.K. AND BUHL, S.L. “What causes cost overrun in transport infrastructure projects?”. Transport Reviews, 24 (1) (2004): 3-18.
FRIEBEL, G. AND M. NIFFKA. “The Functioning of Inter-modal Competition in the Transportation Market: Evidence from the Entry of Low-cost Airlines in Germany” (2005). Available at SSRN: http://ssrn.com/abstract=745164
FUJITA, M., P. KRUGMAN and A.J. VENABLES. “The spatial economy: cities, regions and international trade”. Cambridge MA: MIT Press , 1999. —. and J. THISSE. “The Economics of Agglomeration”. Cambridge: Cambridge University Press, 2002
GALLOIS, L. “Achievements and outlooks for the Development of High speed Rail in Europe”, Paper presented at EurailSpeed, Milan (2005).
GIBSON, S., COOPER, G., BELL, B. “Capacity charges on the UK rail network”, Journal of Transport Economics and Policy, 36 (2) (2002): 341-354.
GIVONI, M. “Aircraft and High Speed Train Substitution: the Case for Airline and Railway Integration”, unpublished PhD thesis, University College London (2005).
—. AND D. BANISTER. “Airline and Railway Integration”, Transport Policy, 13 (2006): 386-397.
GÓMEZ-IBAÑEZ, J.A. AND G. DE RUS. “Competition in the Railway Industry: An International Comparative Analysis”. Edward Elgar (2006).
GONZÁLEZ-SAVIGNAT, M. “Will the High speed Train Compete Against the Private Vehicle?”, Transport Reviews, 24, 3 (2004): 293-316.
GOODWIN P.B. “A Review of New Demand Elasticities with Special Reference to Short and Long Run Effects of Price Changes”, Journal of Transport Economics and Policy, 26(2) (1992): 155-169.
GRAHAM, D. “Wider economic benefits of transport improvements: link between agglomeration and productivity”. Stage 1 Report. Imperial College, Department for Transport, London (2005). Avaliable at: http://www.dft.gov.uk/pgr/economics/rdg/webia/widereconomicbenefitsoftrans3138
GRIMME, W. “Air/Rail Intermodality – Recent Experiences from Germany”, Aerlines Magazine, 34 (2006).
GUNN, H. “SCGE Models: Relevance and Accessibility for Use in the UK, with emphasis on Implications for Evaluation of Transport Investments”. Final Report to Department of Transport. London: Cambridge RAND Europe (2004).
GUTIÉRREZ, J., R. GONZÁLEZ and G. GÓMEZ. “The European high-speed train network: predicted effects on accessibility patterns”. Journal of Transport Geography 4, issue 4 (December 1996): 227-238 —. “Location, economic potential and daily accessibility: an analysis of the accessibility impact of the high-speed line Madrid–Barcelona–French border”. Journal of Transport Geography 9, issue 4 (2001): 229-242
HARBERGER, A.C. “Project evaluation: collected papers”. The University of Chicago Press (1972).
HAYNES, K.E. “Labor markets and regional transportation improvements: the case of high-speed trains: An introduction and review”, The Annals of Regional Science, 31 (1997): 57-76.
HENSHER, D. A. “Value of Business Travel Time”, Pergamon Press, Oxford (1977).
HOOD, C.P. “Shinkansen: from bullet train to symbol of modern Japan”. Routledge (2006).
INFRAS/IWW. “External costs of transport”, Report commissioned by UIC. Zurich-Karlsruhe-Paris (2000).
INSTITUTE FOR TRANSPORT STUDIES, UNIVERSITY OF LEEDS. “Values of Travel Time Saving in the UK”, Institute for Transport Studies, Leeds, UK (2003).
IVALDI, M. AND C. VIBES. “Price Competition in the Intercity Passenger Transport Market: A Simulation Model”. Toulouse School of Economics. Mimeo (2005).
JANIC, M. “A Model of Competition between High speed Rail and Air Transport”, Transportation Planning and Technology, 17, 1 (1993): 1-23.
—. “High Speed Rail and Air Passenger Transport”. Proc. Instn Mech. Engrs., 21, Part F (2003): 259-269.
JARA DIAZ, S. “On the relation between users´ benefits and the economic effects of transportation activities”. Journal of Regional Science, 26 (1986): 379-391.
KLEIN, O. and G. CLAISSE. “Le TGV-Atlantique: entre recession et concurrence“. Lyon. LET (1997).
KUMBHAKAR, S.C. AND C.A.K. LOVELL. “Stochastic Frontier Analysis”. Cambridge: University Press (2000).
LAFFONT, J.J. AND J. TIROLE. “A Theory of Incentives in Procurement and Regulation”. MIT Press. Cambridge (1993).
LAIRD, J.J., J. NELLTHORP and P.J. MACKIE. “Network effects and total economic impact in transport appraisal”. Transport Policy 12, issue 6 (November 2005): 537-544 LEBOEUF, M. “Traffic Forecasts for High speed Train Services”.Paper presented at the UIC Training Seminar, Paris (2006).
LEVINSON, D., J.M. MATHIEU, D. GILLEN AND A. KANAFANI. “The full cost of high speed rail: an engineering approach”. The Annals of Regional Science, 31 (1997): 189-215.
LÓPEZ-PITA, A. “Railway and Plane in the European Transport System”. CENIT, Ediciones UPC (2001a).
—. “A new challenge for Europe’s railways: International passenger services”. Rail International (2001b): 10-16.
—. AND F. ROBUSTÉ. “Introduction to an Evaluation of the Impact of High speed Rail Infrastructure in Europe”. Paper presented at TRB 2003 Annual Meeting (2003).
LÓPEZ-PITA, A. AND F. ROBUSTÉ. “Impact of High speed Lines in Relation to Very High Frequency Air Services”, Journal of Public Transportation, 8, 2. (2005): 17-36.
—. AND F. ROBUSTÉ, P.F.TEIXEIRA, A.BACHILLER y C.CASAS. «Impacto Comercial en la Aviación de la Explotación de Líneas de Alta Velocidad en Europa: 1981-2006». CENIT, UPC. Mimeo, 2006
MARKS, P., FOWKES, A.S., NASH, C.A. “Valuing Long Distance Business Travel Time Savings for Evaluation: A Methodological Review and Application”, PTRC Summer Annual Meeting (1986).
MARTIN, F. “Justifying a high-speed rail project: social value vs. regional growth”, The Annals of Regional Science, 31 (1997): 155-174.
MARTÍN, J.C. AND G. NOMBELA. “Microeconomic Impacts of Investment in High Speed Rail in Spain”, The Annals of Regional Science, forthcoming (2007).
MATHIS, P. ET AL. “Transport services and networks: territorial trends and basic supply of infrastructure for territorial cohesion”. Final Report of Action 1.2.1 of the European Spatial Planning Observation Network 2006 (ESPON) (2004).
MCFADDEN, D.T. “Travel Demand: a Behavioural Analysis”. North-Holland, Amsterdam (1975).
MOHRING, H. “Transportation economics,Ballinger Publishing Company” (1976).
NASH, C.A. “The Case for High Speed Rail”, Investigaciones Economicas, 15(2) (1991): 337-354.
NELLTHORP, J., SANSOM, T., BICKEL, P., DOLL, C. AND LINDBERG, G. “Valuation conventions for UNITE”. UNITE (UNIfication of accounts and marginal costs for Transport Efficiency), 5th Framework RTD Programme, ITS, University of Leeds, Leeds (2001).
OOSTERHAVEN, J. and J.P.ELHORST. “Indirect economic benefits of transport infrastructure investments”. En Dullaert, W., B, Jourquin and J.B. Polak (ed.), Across the Border: Building on a Quarter Century of Transport Research in the Benelux, Antwerp: De Boeckn (2003).
OUM, T.H., W.G. WATERS AND J.S. YONG. “Concepts of Price Elasticities of Transport Demand and Recent Empirical Estimates: an Interpretative Survey”, Journal of Transport Economics and Policy, 26 (2) (1992): 139-169.
PARK, Y. AND H-K. HA. “Analysis of the Impact of High speed Railroad Service on Air Transport Demand”, Transportation Research, Part E, 42 (2006): 95-104.
PAVAUX, J. “Rail/air Complementarity in Europe: The impact of High speed Train Services”. Institute of Air Transport, Paris. ISBN 2-908537-04-4, 1991.
PLASSARD, F. and O. COINTET-PINELL. “Les effets socio-économique du TGV en Bourgogne et Rhônes Alpes”. DATAR, INRETS, OEST, SNCF, 1986. —. “High speed transport and regional development” in Regional policy, transport network. European Conference of Ministers of Transport. Paris (1994).
PRESTON, J. AND G. WALL. “The Impact of High Speed Trains on Socio-economic Activity”, paper presented at the 11th WCTRS, Berkeley, 2007.
QUINET, E. AND R. VICKERMANN. “Principles of Transport Economics”. Edward Elgar, Cheltenham-Northampton, 2004.
SACTRA (Standing Advisory Committee on Trunk Road Assessment). “Transport and the Economy”. London: Stationery Office, 1999.
SDG. “High Speed Rail: International Comparisons”. Prepared by Steer Davies Gleave for the Commission for Integrated Transport. London, 2004.
SELLNICK, O. “High speed Traffic of Deutsche Bahn AG”, Paper presented at the UIC Training Seminar, Paris, 2006.
SES. “Evaluation de l’impact du TGV Nord-Européen sur la mobilité“. Les Etudes du SES, 1998. SPIEKERMANN, K. and M. WEGENER. “The shrinking continent: new time-space maps of Europe”. Environment and Planning B 21, issue 6 (1994): 653-73.
TRANSPORT AND MOBILITY LEUVEN. ASSESS Final Report, Annex 21 (2005).
TURRÓ, M. “Going Transeuropean: planning and financing transport networks for Europe”. Oxford: Elsevier, 2000.
UIC. Study on the Influence of Low-cost Air Companies and Long Distance Coaches on the Demand of Passengers Rail Services in Europe. International Union of Railways, Paris, 2003
—. “High Speed. Rail’s leading asset for customers and society”. UIC Publications, Paris (2005a). Accessible at www.uic.asso.fr
—. “Estimation des resources et des activités économiques liées a la grande vitesse“. Prepared by CENIT (Center for Innovation in Transport, Universitat Politecnica de Catalunya), Paris, 2005b.
—. “Railway time-series data 1970-2004”. UIC Publications, Paris, 2006.
ULIED, A. ET AL. “Union’s Territorial Strategies Linked to TENs”. DGTREN, European Commission, 1997.
VENABLES, A. and M. GASIOREK. “The Welfare Implications of Transport Improvements in the Presence of Market Failure Part 1”. Report to Standing Advisory Committee on Trunk Road Assessment. London: DETR (Department of the Environment, Transport and the Regions), 1999 —. “Evaluating urban transport improvements: cost-benefit analysis in the presence of agglomeration and income taxation”. London School of Economics, mimeo, 2004.
VICKERMAN, R. “The regional impacts of Trans-European networks”, The Annals of Regional Science, 29 (1995): 237-254.
—. “High-speed rail in Europe: experience and issues for future development”, The Annals of Regional Science, 31 (1997): 21-38.
—., K. SPIEKERMANN and M. WEGENER. “Accessibility and regional development in Europe”. Regional Studies 33, issue 1 (1999): 1-15
—. “Trans-European Networks: policy and appraisal”. Scienze Regionale- Italian Journal of Regional Science 5, issue 2 (2006): 71-87
—. “Cost-benefit analysis and large-scale infrastructure projects: state of the art and challenges”. Environment and Planning B 34, issue 4 (2007): 598-610
WARDMAN, M. “A review of British evidence on Time and Service Quality”. Transportation Research E, 2(3), (2001): 107-128.
WEGENER, M. and BÖKEMANN, D. “The SASI Model: Model Structure”. SASI Deliverable D8. Berichte aus dem Institut für Raumplanung 40. Dortmund: Institut für Raumplanung, Universität Dortmund, 1998. Avaliable at: http://irpud.raumplanung.uni-dortmund.de/irpud/pro/sasi/ber40.pdf
WEI, W. AND M. HANSEN. “Impact of Aircraft Size and Seat Availability on Airlines' Demand and Market Share in Duopoly Markets”, Transportation Research E, 41 (2005): 315-327.
WHITELEGG, J. “Transport for a sustainable future: The case for Europe”. London, Belhaven Press, 1993.
WILKEN, D. “Area and Limits of Competition between High Speed Rail and Air”, Proc. Think-Up Project Workshop, Dresden, 2000.
YAO, E. AND T. MORIKAWA. “A study on integrated intercity travel demand model”. Paper presented at the 10th International Conference on Travel Behaviour Research, Lucerne, 2003.
Available Versions of this Item
- A review of HSR experiences around the world. (deposited 28. Dec 2008 16:01) [Currently Displayed]