콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Territorial Development Transport/Logistics

Print

Effect of high-speed trains on passenger travel : Evidence from Korea

Related Document
Frame of Image ful to the KDI School of Public Policy and Management for providing financial support.
Effect of High-Speed Trains on Passenger Travel: Evidence from Korea
Jisun Baek∗ Korea Development Institute School of Public Policy and Management September 2014
Abstract In this paper, we evaluate the impact of high-speed train introduction on passenger transport. In particular, we examine whether the introduction of the high-speed train could increase the demand for train travel and substitute the demand for air travel. To address the question, we exploit the exogenous timing of high-speed train introduction in Korea and apply a difference-in-differences framework to examine the effect of highspeed train introduction on the market share of trains and domestic airlines among mass transit. Using the Korean administrative data, we find that high-speed train introduction has a substantial impact on the entire passenger transport. Specifically, we document a discrete increase in the number of train travelers in the city pairs that are directly connected by high-speed train after the introduction. We also present a discrete decrease in the share of air travelers for those city pairs, which suggests a certain amount of rivalry between modes of mass transportation.
JEL code: R4; L9 Keywords: high-speed train; mass-transportation; intermodal competition; difference-indifferences.
∗ Email:
jbaek@kdischool.ac.kr
1
1 Introduction
In 2009, the President of the U.S., Obama announced the plan to construc


Full Text
Title Effect of high-speed trains on passenger travel
Similar Titles
Sub Title

Evidence from Korea

Material Type Reports
Author(English)

Baek, Jisun

Publisher

[Sejong, South Korea] : KDI School of Public Policy and Management

Date 2014
Series Title; No KDI School Working Paper Series / 14-14
Pages 28
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < Transport/Logistics
Holding KDI School of Public Policy and Management
License

Abstract

In this paper, we evaluate the impact of high-speed train introduction on passenger transport. In particular, we examine whether the introduction of the high-speed train could increase the demand for train travel and substitute the demand for air travel. To address the question, we exploit the exogenous timing of high-speed train introduction in Korea and apply a difference-in-differences framework to examine the effect of highspeed train introduction on the market share of trains and domestic airlines among mass transit. Using the Korean administrative data, we find that high-speed train introduction has a substantial impact on the entire passenger transport. Specifically, we document a discrete increase in the number of train travelers in the city pairs that are directly connected by high-speed train after the introduction. We also present a discrete decrease in the share of air travelers for those city pairs, which suggests a certain amount of rivalry
between modes of mass transportation.