From periphery to core: measuring agglomeration effects using high-speed rail

@inproceedings{Ahlfeldt2015FromPT,
  title={From periphery to core: measuring agglomeration effects using high-speed rail},
  author={Gabriel M. Ahlfeldt and Arne Feddersen},
  year={2015}
}
We analyze the economic impact of the German high-speed rail (HSR) connecting Cologne and Frankfurt, which provides plausibly exogenous variation in access to surrounding economic mass. We find a causal effect of about 8.5% on average of the HSR on the GDP of three counties with intermediate stops. We make further use of the variation in bilateral transport costs between all counties in our study area induced by the HSR to identify the strength and spatial scope of agglomeration forces. Our… CONTINUE READING

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