Yoshino, Naoyuki; Xu, Kai; Agarwal, Deepanshu; … - 2023
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 … proposed financing schemes show a significant improvement of the IRR. The introduction of spillover tax revenues is essential …