How High-Speed Rail Affects Local Land Prices: An Evidence From Taipei, China

Renzhi, Nuobu

doi:10.2139/ssrn.3286235

Cited by 3 publications

(5 citation statements)

References 20 publications

(14 reference statements)

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“…One study determined that the prices of residential and commercial lands grew by 30% and 16%, respectively, while the price of industrial lands declined by 30%, assuming all other factors remained constant (Zhou et al, 2017). In a similar vein, Renzhi (Renzhi, 2018) noted that the value of the land around an HSR increased by 19.9% during the initial operating phase; therefore, the HSR had a favorable influence on local land prices. Another study surveyed a sample of 285 cities in China.…”

Section: Literature Reviewmentioning

confidence: 97%

The Impact of the Haramain High-Speed Train on Land Prices and Urban Growth in the Neighborhoods of Tibah Municipality, Jeddah, Saudi Arabia

Aljehani

2023

CUS

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This applied study sought to measure the impact of the Haramain High-Speed Train (HHST) project on the neighborhoods of Tibah municipality by studying the impact of the train on land prices and urban growth in the years 2016, 2018, and 2021. Through the use of various statistical methods and a geographic information system (GIS) program, the study found that the average price of land near the train remained low, while the middle and far distant land prices experienced a gradual rise. The study also examined the rate of urban growth in the study area, demonstrating that the lands near the train were characterized by a high rate of growth, while the middle and far distant lands from the train line demonstrated a low level of urban growth. Further research should explore the economic effect of the train in Jeddah city in terms of employment and commercial investments as well as the economic impact of the railway system on the city's growth and expansion.

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Section: Literature Reviewmentioning

confidence: 97%

The Impact of the Haramain High-Speed Train on Land Prices and Urban Growth in the Neighborhoods of Tibah Municipality, Jeddah, Saudi Arabia

Aljehani

2023

CUS

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“…Despite high cost of HSR projects (Ansar et al, 2016;Chen et al, 2019;Crescenzi et al, 2016;Matas et al, 2020;Nakamura et al, 2019) compared with tax revenues (Watson et al, 2019), many economies invested in HSR development (Renzhi, 2020). Japan is the leader in HSR development (De Souza et al, 2018).…”

Section: Review Of Literaturementioning

confidence: 99%

“…Infrastructure development positively impacts urban development, land use pattern, land price and revenue generation (Shibasaki et al, 2020). Transport infrastructure stimulates economic growth, which also depends on the buoyancy of the local urban conditions (Renzhi, 2020). Robust transportation plays a significant role in the development of agglomeration economies, improves productivity, and access to resources and innovation spillovers (Wetwitoo, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…HSR accelerates the local and regional economy and generates wider economic impacts (Graham & Melo, 2011) through a frequent business contact, time savings and market information (Vickerman, 2017). HSR is critical for economic development and technological innovation, which led many economies to invest in its development (Renzhi, 2020). However, high cost impedes infrastructure development for HSR projects (Nakamura et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

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Socioeconomic and Spatial Impacts of High-Speed Rail on Enterprises: An Ex-Ante Case Study of Ahmedabad Station Area, India

Sudan

2022

GES

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Growth benefits of high speed rail (HSR) for enterprises are not automatic, but require a buoyant local economy and a robust strategy. Against the above background, the main objectives of ex-ante case study have been to investigate local socio-economic and spatial impacts of proposed HSR project around Ahmedabad station area on the Mumbai-Ahmedabad HSR corridor, analyze the opportunities and challenges of HSR development and draw policy implications. Qualitative research methodology has been used to elicit the perceptions and perspectives of randomly selected 43 small, medium and large enterprises. Data has been analyzed using descriptive statistics. The study reveals that HSR induced greater human interaction will activate the local economy, improve business efficiency and generate employment. Frequent travels on business trips can influence enterprises' decision to settle near HSR stations for easy access and likely to promote realty development. The proposed HSR project should be developed in synergy with the urban dynamics of cities in transition and metropolitan service cities. Poor public transport connectivity is likely to be a major challenge in improving HSR accessibility and enhancing overall impacts of HSR, which can be improved by developing an integrated urban transport system, for which cooperation of all stakeholders and coherence with firms' strategies is essential.

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“…Despite high cost of HSR projects [9,32,56] compared with tax revenues [37], many economies invest in HSR development [57]. For instance, the ratio of infrastructure investment to tax revenues is as high as 49.1% in South Asia [58].…”

Section: Introductionmentioning

confidence: 99%

Socioeconomic and Spatial Impacts of High-Speed Rail on Enterprises: An Ex-Ante Case Study of Ahmedabad Station Area, India

Sudan¹

2021

Preprint

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Growth benefits of high speed rail (HSR) for enterprises are not automatic, but require a buoyant local economy and a robust strategy. Against above background, main objectives of ex-ante case study have been to investigate local socio-economic and spatial impacts of proposed HSR project around Ahmedabad station area on Mumbai-Ahmedabad HSR corridor, analyze the opportunities and challenges of HSR development and draw policy implications. Qualitative research methodology has been used to elicit the perceptions and perspectives of randomly selected 43 small, medium and large enterprises. Data has been analyzed using descriptive statistics. The study reveals that HSR induced greater human interaction will activate local economy, improve business efficiency and generate employment. Frequent travels on business trips can influence enterprises decision to settle near HSR station for easy access and likely to promote realty development. The proposed HSR project should be developed in synergy with urban dynamics of cities in transition and metropolitan service cities. Poor public transport connectivity is likely to be a major challenge in improving HSR accessibility and enhancing overall impacts of HSR, which can be improved by developing an integrated urban transport system, for which cooperation of all stakeholders and coherence with firms’ strategies is essential.

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How High-Speed Rail Affects Local Land Prices: An Evidence From Taipei, China

Cited by 3 publications

References 20 publications

The Impact of the Haramain High-Speed Train on Land Prices and Urban Growth in the Neighborhoods of Tibah Municipality, Jeddah, Saudi Arabia

The Impact of the Haramain High-Speed Train on Land Prices and Urban Growth in the Neighborhoods of Tibah Municipality, Jeddah, Saudi Arabia

Socioeconomic and Spatial Impacts of High-Speed Rail on Enterprises: An Ex-Ante Case Study of Ahmedabad Station Area, India

Socioeconomic and Spatial Impacts of High-Speed Rail on Enterprises: An Ex-Ante Case Study of Ahmedabad Station Area, India

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