The Effects of High Speed Trains on Local Economies:

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: Kanghyock Koh Hyunjoo Yang
• 간행물 정보: 『한국재정학회 학술대회 논문집』2018년도 경제학 공동학술대회, 1~27쪽, 전체 27쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2018.02.28

영문 초록

We empirically test the economic impacts of the introduction of the Korean high speed rail system, the Korea Train Express (KTX), in 2004. For analysis, we use night-time light data from satellite observations as a proxy for local economic activity and construct a 20-year panel data set at the township level. This novel data set enable us to investigate local economic impacts on a small spatial scale. Using the difference in differences approach, we find that there was a 10% increase in local economic activity in rural townships adjacent to KTX stations 10 years after the launch of the KTX.

목차

1 Introduction

2 The Korea Train Express

3 Data and Empirical Strategy

4 Empirical Results

5 Conclusion

키워드

High speed rail railway transport South Korea