Making connections between our cities quicker and

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Unformatted text preview: peed rail has been that lines tend to get built first between areas with strong and growing economies so that it's difficult for economists to be sure which effects are attributable to the new rail line and which to existing factors. But because there was no economic rationale for building the line to Limburg and Montabaur, they provided the perfect "laboratory" conditions for us to measure the effect of highspeed trains. 'It is quite clear that the line itself brought significant and lasting benefits in access to markets, growth, employment and individual prosperity. One of our key findings is a positive market access elasticity, which means that improvements in accessibility to other towns, cities and regions, will be reflected in economic growth. We believe this research develops a new framework for predicting the economic effects of large-scale infrastructure projects and will help governments to define future spending priorities.' } Internal: Employment Scenario – Interconnectivity High Speed Rail solidifies the int...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas.

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