Arbeitspapier

Cost-benefit analysis of spillover tax revenues of high-speed rail in Taipei, China

This paper introduces the concept of spillover tax revenues, which are also known as "indirect" or "secondary revenues," or "externality effects." Based on a case study of high-speed rail in Taipei,China, the spillover tax revenues are identified using the regional tax data through a DID analysis. This paper proposes alternatives for financing infrastructure investments with incorporation of the floating bond and land trust scheme. Further on, a cost-benefit analysis is carried out for the case from both the public and private sector's perspective. Compared to the traditional investment scheme, the proposed financing schemes show a significant improvement of the IRR. The introduction of spillover tax revenues is essential to meet the needs of infrastructure investment in Asia. Increased spillover tax revenues should be shared with the local government and private investors. Combined with the innovative financing schemes, the improved IRR would induce private-sector financing in infrastructure investments.

Sprache
Englisch

Erschienen in
Series: ADBI Working Paper ; No. 1357

Klassifikation
Wirtschaft
Transportation Economics: General
Regional Government Analysis: Land Use and Other Regulations
Thema
spillover tax revenues
floating bond
land trust scheme
private investment
high-speed rail

Ereignis
Geistige Schöpfung
(wer)
Yoshino, Naoyuki
Xu, Kai
Agarwal, Deepanshu
Seetharam, Kallidaikurichi
Ereignis
Veröffentlichung
(wer)
Asian Development Bank Institute (ADBI)
(wo)
Tokyo
(wann)
2023

DOI
doi:10.56506/EKFH1789
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Yoshino, Naoyuki
  • Xu, Kai
  • Agarwal, Deepanshu
  • Seetharam, Kallidaikurichi
  • Asian Development Bank Institute (ADBI)

Entstanden

  • 2023

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