Quantifying the Economic and Social Impacts of High-Speed Rail: Some Evidence from Europe and China
In recent years, there has been an increasing move toward appraising the impacts of transport investments beyond the direct user benefits and costs. This presentation reviews the arguments in favor of measuring such impacts, the progress made in implementing such impacts in the appraisal, and the limitations of such an approach. It also shares disaggregate approaches that analyze the way new transport infrastructure, particularly high-speed rail, may lead to the restructuring and rebalancing of local and regional economies.