tailieunhanh - The Economic Effects of High Speed Rail Investment

Inflation changes the number of jobs supported per $ 1 billion of spending on public transportation. Consequently, over time, more dollars are needed to accomplish the same public transportation investment. Other economic impacts are associated with the job impacts. Corresponding to the 36,000 jobs is approximately $ billion of added business output (sales volume), which provides $ billion of GDP (gross domestic product, or “value added”) -- including $ billion of worker income and $ billion of corporate income. This additional economic activity generates nearly $500 million in federal, state and local tax revenues. [Note: these figures. | OECD JOINT TRANSPORT RESEARCH CENTRE The Economic Effects of High Speed Rail Investment International Transport Forum Ginés DE RUS University of Las Palmas Spain Discussion paper No. 2008-16 revised May 2012 OECD ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT International Transport Forum JOINT TRANSPORT RESEARCH CENTRE Discussion Paper No. 2008-16 revised Prepared for the Round Table of 2-3 October 2008 on Airline Competition Systems of Airports and Intermodal Connections THE ECONOMIC EFFECTS OF HIGH SPEED RAIL INVESTMENT Ginés de Rus University of Las Palmas Spain Revised May 2012 The views expressed in this paper are those of the authors and do not necessarily represent positions of the University of Las Palmas the OECD or the International Transport Forum. De Rus Discussion Paper 2008-16 revised OECD ITF 2008 1 TABLE OF CONTENTS 1. 2. THE COSTS AND BENEFITS OF A NEW HSR . Total costs of building and operating a HSR . Some basic arithmetic of HSR . Where HSR benefits come from .11 . HSR and its effects on regional 3. THE ECONOMIC EVALUATION OF HSR . A simple cost-benefit model for the evaluation of 4. INTERMODAL . Intermodal effects as benefits in the primary . Effects on secondary 5. PRICING .20 . Transport accounts of rail road and air . Optimal pricing investment and modal . The long term effect of 6. Las Palmas August 2008 The author is grateful to Chris Nash Roger Vickerman Jorge Valido and Eduardo Dávila for useful comments on early drafts of this paper. De Rus Discussion Paper 2008-16 revised OECD ITF 2008

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