This paper introduces and applies the concept of spillover effects to high-speed rail (HSR) development to formulate the economic impact on increasing the regional tax revenue. The construction started in 1991, and it commenced operation in 2004 and became fully operational in 2011. We aim to extend the idea to spatiotemporal modeling and analysis by developing a spillover effect extent estimation model.
Quantifying the Economic and Social Impacts of High-Speed Rail: Some Evidence from Europe and the People’s Republic of China
This paper discusses the approaches that analyze the way in which new transport infrastructure may lead to the restructuring and rebalancing of local and regional economies through structural change and the relocation of activities.