The relationship between high speed rail and tourism

Abstract

Much research has verified that the active development of the High Speed Rail (HSR) can create business activities and promote tourism growth. However, based on the related research review, there is currently a lack of profound discussion on the development of the overall transportation system and tourism growth in Taiwan, thus, this study intends to discuss this issue and hopes to provide an important reference for future regional development. This study conducts an in-depth investigation of the relationship between HSR and tourism volume. The Difference in Difference (DID) model is used to verify the impact of HSR services on the tourism volume in Taiwan. In addition, the aggregate data of socio-economic variables and the constituent factors of the transportation mode are incorporated. Finally, the possible consequences are described through elastic analysis. The results of this study can be an important reference for the future development of counties and cities.