TY - JOUR
T1 - How does high-speed rail affect tourism development? The case of the Sichuan-Chongqing Economic Circle
AU - Ren, Xiaohang
AU - Zeng, Gudian
AU - Dong, Kangyin
AU - Wang, Kun
N1 - Funding Information:
The article is sponsored by the National Social Science Foundation of China (Grant No. 20VGQ003 ) and the Natural Science Fund of Hunan Province (Grant No. 2022JJ40647 ). The authors acknowledge the useful comments from the Editor and anonymous reviewers. Certainly, all remaining errors are our own.
Publisher Copyright:
© 2023 Elsevier Ltd
PY - 2023/3
Y1 - 2023/3
N2 - Using a panel data set of 36 cities in the Sichuan-Chongqing Economic Circle in China from 2011 to 2019, this study adopts a spatial difference-in-differences (SDID) model to analyze the effect of high-speed rail (HSR) on urban tourism development. The results show that HSR operation can significantly promote the development of urban tourism. The spatial autoregressive parameter is 0.3, indicating a positive spatial spillover effect on tourism flows. Our conclusion still holds after a series of robustness tests, including using the PSM-SDID model and placebo test. Second, we find that the impact of HSR on tourism increases by year, peaking in the third year. Third, HSR has a greater impact on cities with less developed road transport and immature tertiary industries. Finally, we confirm the substitution effect between HSR and air transport.
AB - Using a panel data set of 36 cities in the Sichuan-Chongqing Economic Circle in China from 2011 to 2019, this study adopts a spatial difference-in-differences (SDID) model to analyze the effect of high-speed rail (HSR) on urban tourism development. The results show that HSR operation can significantly promote the development of urban tourism. The spatial autoregressive parameter is 0.3, indicating a positive spatial spillover effect on tourism flows. Our conclusion still holds after a series of robustness tests, including using the PSM-SDID model and placebo test. Second, we find that the impact of HSR on tourism increases by year, peaking in the third year. Third, HSR has a greater impact on cities with less developed road transport and immature tertiary industries. Finally, we confirm the substitution effect between HSR and air transport.
KW - High-speed rail
KW - Sichuan-Chongqing Economic Circle
KW - Spatial difference-in-differences model
KW - Tourism development
UR - http://www.scopus.com/inward/record.url?scp=85147251597&partnerID=8YFLogxK
U2 - 10.1016/j.tra.2023.103588
DO - 10.1016/j.tra.2023.103588
M3 - Journal article
AN - SCOPUS:85147251597
SN - 0965-8564
VL - 169
JO - Transportation Research Part A: Policy and Practice
JF - Transportation Research Part A: Policy and Practice
M1 - 103588
ER -