High-speed rail in Taiwan: New experience and issues for future development

Cheng, Yung-Hsiang

doi:10.1016/j.tranpol.2009.10.009

Cited by 137 publications

(50 citation statements)

References 15 publications

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“…In contrast, evidence from Asia points in the opposite direction. This is the case in Japan (Okabe, 1979), Taiwan (Cheng, 2009) and China (Wang et al, 2012;Chen and Haynes, 2012).…”

Section: The Ex-post Evaluation Of the Relationship Between Hsr And Tmentioning

confidence: 98%

High speed rail and tourism: Empirical evidence from Spain

Albalate

Fageda

2016

Transportation Research Part A: Policy and Practice

137

118

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This paper evaluates how changes in the provision of high-speed rail (HSR) services affect tourism outcomes in Spain, a tourist country with the newest and longest HSR network in Europe. To do so it employs an empirical strategy based on the differences-in-differences panel data method with double fixed effects. Data are provided by Spain's National Statistics Institute (INE) and cover 50 provinces over a 15-year time span (1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013). Our results provide mixed evidence about the impact of HSR accessibility on tourist outcomes. On the one hand, we find that air traffic is negatively affected by HSR and air traffic is a strong predictor of tourist arrivals. This suggests a negative indirect effect of HSR on tourist outcomes. On the other hand, HSR may have a positive (weak) direct effect on tourism. However, such result is conditioned on the measure of HSR accessibility and econometric technique used. Thus, the net effect of HSR on tourism outcomes is not consistently positive. This pattern might be attributed to a network design that does not respond to ridership needs and which has a substitution effect on air transportation, the main mode for long-distance tourist mobility.

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“…In contrast, evidence from Asia points in the opposite direction. This is the case in Japan (Okabe, 1979), Taiwan (Cheng, 2009) and China (Wang et al, 2012;Chen and Haynes, 2012).…”

Section: The Ex-post Evaluation Of the Relationship Between Hsr And Tmentioning

confidence: 98%

High speed rail and tourism: Empirical evidence from Spain

Albalate

Fageda

2016

Transportation Research Part A: Policy and Practice

137

118

View full text Add to dashboard Cite

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“…As the original transport systems began to be saturated, the MOTC began considering developing an HSR system to serve the western corridor [5]. The government decided to build the HSR system using a Build-Operate-Transfer (BOT) model, and US$18 billion was invested in the project.…”

Section: Empirical Study and Data Collectionmentioning

confidence: 99%

“…However, it is difficult to conduct a systematic analysis of the regional transport market to uncover the impact of the THSR simply by examining changes in the market share of different modes [5,28]. Therefore, it is necessary to apply our model to better understand the dynamic rivalry between THSR and the conventional rail and air transport in Taiwan from a regional market point of view [29][30][31][32][33][34].…”

Section: Empirical Study and Data Collectionmentioning

confidence: 99%

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Modelling the Dynamic Impacts of High Speed Rail Operation on Regional Public Transport—From the Perspective of Energy Economy

et al. 2018

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While the introduction of a high speed rail (HSR) provides passengers with another more environmentally friendly, convenient, and time-saving transport option, it also disrupts the existing passenger transport market. This study adopts time series analysis to model the dynamic competition in a regional passenger transport market when an HSR is introduced. The analyses include examining the long-run equilibrium and causal relationships, and the short-run causality and dynamic relationships between transport modes. In addition, based on the model we conduct impulse response tests and variance decomposition tests to further interpret the interactions between two transport modes. An empirical study is carried out, and the findings indicate that the HSR has a negative impact on conventional rail and air transport in the long-run. In the short-run dynamics, the air passenger transport volume could be regarded as a good predictor of HSR passenger volume. In turn, the HSR passenger volume could be used to predict conventional rail transport volume. The operations of HSR and conventional rail are complementary in the short term. From the short-run market viewpoint, the HSR and conventional rail meet different kinds of passenger demand. Therefore, a previous increased passenger volume for the HSR implies an overall increasing demand for regional transport. Consequently, the past increased HSR passenger volume could be used to predict the growth of conventional rail transport. Through the impulse response test, we can further track the responses of the three transport modes to the shocks from themselves and each other.

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“…Another research paper or scenario analysis introduced the financial model used by the BHSR for its BOT projects, presenting the parameters, such as debt/equity ratio, and variables, such as annual operating income and affiliated business income in the operating period, of the model, taking account of the investment proportions of the government and the concessionaire, the concession period, and other items featured in BOT projects, as well as discussing the model's basic assumptions, input data, cost requirement, self-financing ability analysis, financial statements, and indices (CHANG and CHEN, May/June 2001). An ex post cost-benefit analysis of the HSR system including several policy suggestions was also conducted (Cheng, 2010). Studies have also been made in full detail with special discussion on major issues encountered during the design works for one of the special bridges.…”

Section: The Fourth Player's Fault: Consumersmentioning

confidence: 99%

Near-bankruptcy of the Taiwan High Speed Rail Corporation: What Went Wrong?

Kien-hong¹,

Johannesson²

2010

IJBM

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After a few delays, the Taiwan High Speed Rail (THSR), which is the largest current Build-Operate-Transfer (BOT) Railway Project in the world, with eight stations on the line connecting the metropolises of Taipei and Kaohsiung, began its passenger service in January 2007. However, by February 2009, it became very clear that the Taiwan area government must take over the THSR Corporation (THSRC) in one way or another, because the latter had already mired in enormous debts, loosing roughly two thirds of its capitalization. The THSR was only able to break even once in April 2008. This paper spells out the major reasons behind the project's near-bankruptcy. Some questions will be posed: Who are involved? Who should be responsible for the failure? Should business entrepreneurs venture into High Speed Rail (HSR) projects in the future?

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High-speed rail in Taiwan: New experience and issues for future development

Cited by 137 publications

References 15 publications

High speed rail and tourism: Empirical evidence from Spain

High speed rail and tourism: Empirical evidence from Spain

Modelling the Dynamic Impacts of High Speed Rail Operation on Regional Public Transport—From the Perspective of Energy Economy

Near-bankruptcy of the Taiwan High Speed Rail Corporation: What Went Wrong?

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