International Research Journal of Business Studies
Vol. 17 No. 3 (2024): December 2024 - March 2025

Understanding the Link between High-Speed Rail and Economic Growth

Yangailo, Tryson (Unknown)



Article Info

Publish Date
16 Dec 2024

Abstract

This study systematically reviews the literature on high-speed rail (HSR) and its impact on economic growth, revealing significant development potential, but with regional disparities. Larger cities often benefit more than smaller ones, highlighting the need for strategic policies to ensure inclusive growth. Initiatives such as supporting local innovation, retaining talent, and addressing accessibility gaps are essential. Current research uses quantitative methods and focuses on specific countries, suggesting broader qualitative approaches are needed. Effective implementation of HSR requires more than infrastructure; success depends on factors such as high population density, supportive land use regulations, and investment in education. Caution is advised for developing countries that lack national HSR policies or technological innovation. Tailored regulations and localized support are critical to optimize economic benefits and address uneven growth, as the viability of HSR depends on favorable geographical and economic conditions.

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to ...