Effects of high-speed rail megalopolis on regional economic growth

Zhiwei Yang, Fangni Zhang, Wei Liu, Jingjuan Jiao

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

This paper quantifies the multifold economic impacts of high-speed railway (HSR) in China. Firstly, the effect of introducing HSR on the prefecture-level gross regional product (GRP) is investigated using the difference-in-differences method. Results show that HSR inauguration has positive effects on economic development. Secondly, the effect of proximate HSR station density is examined. We find that when taking into account the density of HSR stations near a city, the existence of a HSR station in its own realm is insignificant; instead, the station density plays a significant role in the regional economic growth. This indicates that as long as the city is located in an area with high density of HSR stations, whether it possesses HSR is less important. Thirdly, the heterogeneity of economic impact is studied by categorizing cities by 2017 GRP, which demonstrates that HSR has larger positive impacts on the wealthier regions.

Original languageEnglish
Title of host publicationProceedings of the 24th International Conference of Hong Kong Society for Transportation Studies, HKSTS 2019: Transport and Smart Cities
EditorsAndy H.F. Chow, S.M. Lo, Lishuai Li
PublisherHong Kong Society for Transportation Studies Limited
Pages27-34
Number of pages8
ISBN (Electronic)9789881581488
Publication statusPublished - Dec 2019
Externally publishedYes

Publication series

NameProceedings of the 24th International Conference of Hong Kong Society for Transportation Studies, HKSTS 2019: Transport and Smart Cities

Keywords

  • Difference-in-differences
  • Economic development
  • High-speed rail (HSR)
  • Megalopolis

ASJC Scopus subject areas

  • Building and Construction
  • Information Systems
  • Civil and Structural Engineering
  • Transportation
  • Computer Networks and Communications

Cite this