학술대회자료
The Effects of High Speed Trains on Local Economies:
- 한국재정학회(구 한국재정·공공경제학회)
- 한국재정학회 학술대회 논문집
- 2018년도 경제학 공동학술대회
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2018.021 - 27 (27 pages)
- 50
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.
1 Introduction
2 The Korea Train Express
3 Data and Empirical Strategy
4 Empirical Results
5 Conclusion
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