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“High-Speed Rail: Lessons for Policy Makers from Experiences Abroad”

Crisis-driven layoffs are on the rise in many OECD countries and experience from previous recessions shows that many skilled workers will become unemployed (see the example of Korea in Box 1). High-tech industries (like IT, aeronautics or pharmaceuticals) and knowledge-intensive services (like financial services) are announcing layoffs almost daily. This human capital will quickly depreciate if the downturn is protracted. However, such talent could make an important contribu- tion to the many innovative businesses that have experienced a shortage of skilled workers in the recent past, or could contribute to a new wave of innovative entrepreneurship. . | Institut de Recerca en Economia Aplicada Regional i Pública Document de Treball 2010 03 34 pàg Research Institute of Applied Economics Working Paper 2010 03 34 pag. High-Speed Rail Lessons for Policy Makers from Experiences Abroad Daniel Albalate and Germà Bel GiM-IREA Universitat de Barcelona I nstitut de Recerca en Economia Aplicada I Research Institute of Applied Economics Document de Treball 2010 03 pàg. 2 Working Paper 2010 03 pag. 2 Institut de Recerca en Economia Aplicada Regional i Pública Research Institute of Applied Economics I R E A Institut de Recerca en Economia Aplicada Regional i Pủblica Research Institute of Applied Economics Universitat de Barcelona Av. Diagonal 690 08034 Barcelona WEBSITE www.ub.edu irea CONTACT irea@ub.edu The Research Institute of Applied Economics IREA in Barcelona was founded in 2005 as a research institute in applied economics. Three consolidated research groups make up the institute AQR RISK and GiM and a large number of members are involved in the Institute. IREA focuses on four priority lines of investigation i the quantitative study of regional and urban economic activity and analysis of regional and local economic policies ii study of public economic activity in markets particularly in the fields of empirical evaluation of privatization the regulation and competition in the markets of public services using state of industrial economy iii risk analysis in finance and insurance and iv the development of micro and macro econometrics applied for the analysis of economic activity particularly for quantitative evaluation of public policies. IREA Working Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. For that reason IREA Working Papers may not be reproduced or distributed without the written consent of the author. A revised version may be available directly from the author. Any opinions expressed here are those of the .