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Article: The funding of hierarchical railway development in China

TitleThe funding of hierarchical railway development in China
Authors
KeywordsChina
High-Speed Railways
Railway Financing
Railway Governance
Issue Date2012
PublisherJ A I Press Inc. The Journal's web site is located at http://www.elsevier.com/wps/find/bookdescription.cws_home/BS_RTE/description#description
Citation
Research In Transportation Economics, 2012, v. 35 n. 1, p. 26-33 How to Cite?
Abstract
Transport networks are hierarchal in essence. In this paper, we explore the relationship between the financing structure and the hierarchal evolution of railway network development, using the case of China. Although privatization and corporatization in transport provision have been trends in some parts of the world, the national government is still the main body responsible for railway development in many countries. Among these countries, China and India are the only two that include the Ministry of Railways (MOR). In India, the entire country's railways are clearly defined as public services provided and managed by the MOR. In China, railways have been corporatized; yet, the MOR and the National Railway Corporation are still widely regarded as a single body that has monopolistic power over almost all railway systems at the national and regional levels in both infrastructure development and operation.We argue that when multi-level railway networks are evolved from a single-level (national) network due to market growth in countries such as China, where different levels of government are responsible for infrastructure planning and development, the state's monopolistic control of operation and its corresponding financing structure may not fit the operation of new multi-level networks. However, the suitable institutional set-up for the new networks may be delayed or never established for many reasons, some of which, as demonstrated in this paper, are place-specific and path-dependent. The case study of Chinese railway systems in comparison with the situations of other Asian countries (i.e. India and Japan) will shed some light on a better understanding of various financing models and development paths of multi-level transport. © 2011 Elsevier Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/157942
ISSN
2013 SCImago Journal Rankings: 1.130
References

 

Author Affiliations
  1. The University of Hong Kong
  2. Beijing Jiaotong Daxue
  3. Chinese University of Hong Kong
DC FieldValueLanguage
dc.contributor.authorWang, JJen_US
dc.contributor.authorRong, Cen_US
dc.contributor.authorXu, Jen_US
dc.contributor.authorOr, SWOen_US
dc.date.accessioned2012-08-08T08:56:26Z-
dc.date.available2012-08-08T08:56:26Z-
dc.date.issued2012en_US
dc.identifier.citationResearch In Transportation Economics, 2012, v. 35 n. 1, p. 26-33en_US
dc.identifier.issn0739-8859en_US
dc.identifier.urihttp://hdl.handle.net/10722/157942-
dc.description.abstractTransport networks are hierarchal in essence. In this paper, we explore the relationship between the financing structure and the hierarchal evolution of railway network development, using the case of China. Although privatization and corporatization in transport provision have been trends in some parts of the world, the national government is still the main body responsible for railway development in many countries. Among these countries, China and India are the only two that include the Ministry of Railways (MOR). In India, the entire country's railways are clearly defined as public services provided and managed by the MOR. In China, railways have been corporatized; yet, the MOR and the National Railway Corporation are still widely regarded as a single body that has monopolistic power over almost all railway systems at the national and regional levels in both infrastructure development and operation.We argue that when multi-level railway networks are evolved from a single-level (national) network due to market growth in countries such as China, where different levels of government are responsible for infrastructure planning and development, the state's monopolistic control of operation and its corresponding financing structure may not fit the operation of new multi-level networks. However, the suitable institutional set-up for the new networks may be delayed or never established for many reasons, some of which, as demonstrated in this paper, are place-specific and path-dependent. The case study of Chinese railway systems in comparison with the situations of other Asian countries (i.e. India and Japan) will shed some light on a better understanding of various financing models and development paths of multi-level transport. © 2011 Elsevier Ltd.en_US
dc.languageengen_US
dc.publisherJ A I Press Inc. The Journal's web site is located at http://www.elsevier.com/wps/find/bookdescription.cws_home/BS_RTE/description#descriptionen_US
dc.relation.ispartofResearch in Transportation Economicsen_US
dc.subjectChinaen_US
dc.subjectHigh-Speed Railwaysen_US
dc.subjectRailway Financingen_US
dc.subjectRailway Governanceen_US
dc.titleThe funding of hierarchical railway development in Chinaen_US
dc.typeArticleen_US
dc.identifier.emailWang, JJ:jwang@hkucc.hku.hken_US
dc.identifier.authorityWang, JJ=rp00648en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/j.retrec.2011.11.004en_US
dc.identifier.scopuseid_2-s2.0-84862824240-
dc.identifier.hkuros238440-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-84860237397&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume35en_US
dc.identifier.issue1en_US
dc.identifier.spage26en_US
dc.identifier.epage33en_US
dc.identifier.eissn1875-7979-
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridWang, JJ=7701342886en_US
dc.identifier.scopusauthoridRong, C=24178029700en_US
dc.identifier.scopusauthoridXu, J=54890732600en_US
dc.identifier.scopusauthoridOr, SWO=54890031000en_US

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