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Has transportation infrastructure development improved the quality of economic growth in China’s cities? A quasi-natural experiment based on the introduction of high-speed rail

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  • Kong, Qunxi
  • Li, Rongrong
  • Jiang, X.
  • Sun, Peibo
  • Peng, Dan

Abstract

We use 284 Chinese cities over 2005–2018 to analyze the impact of introducing high-speed rail (HSR) on urban economic growth quality. We found that the introduction of HSR can promote urban economic growth. Five years after introducing HSR, it plays a significant role in promoting economic growth quality. A heterogeneity analysis shows that its introduction can promote this economic growth in regional centers and non-central cities, where the promotion effect is greater for regional centers. For cities in different regions, HSR has a greater impact on economic growth in eastern cities followed by central cities. Moreover, the most notable impact of HSR is on urban economic development dynamics. Therefore, the government should adopt differentiated policies when formulating regional strategies to improve urban economic growth quality.

Suggested Citation

  • Kong, Qunxi & Li, Rongrong & Jiang, X. & Sun, Peibo & Peng, Dan, 2022. "Has transportation infrastructure development improved the quality of economic growth in China’s cities? A quasi-natural experiment based on the introduction of high-speed rail," Research in International Business and Finance, Elsevier, vol. 62(C).
    • Handle: RePEc:eee:riibaf:v:62:y:2022:i:c:s0275531922001143
    DOI: 10.1016/j.ribaf.2022.101726
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    References listed on IDEAS

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    1. Kong, Qunxi & Peng, Dan & Ni, Yehui & Jiang, Xinyue & Wang, Ziqi, 2021. "Trade openness and economic growth quality of China: Empirical analysis using ARDL model," Finance Research Letters, Elsevier, vol. 38(C).
    2. Pablo Coto-Millán & Vicente Inglada & Belén Rey, 2007. "Effects of network economies in high-speed rail: the Spanish case," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(4), pages 911-925, December.
    3. Kong, Qunxi & Tong, Xin & Peng, Dan & Wong, Zoey & Chen, Huy, 2021. "How factor market distortions affect OFDI: An explanation based on investment propensity and productivity effects," International Review of Economics & Finance, Elsevier, vol. 73(C), pages 459-472.
    4. Kong, Qunxi & Chen, Afei & Shen, Chenrong & Wong, Zoey, 2021. "Has the Belt and Road Initiative improved the quality of economic growth in China's cities?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 870-883.
    5. Kong, Qunxi & Li, Rongrong & Peng, Dan & Wong, Zoey, 2021. "High-technology development zones and innovation in knowledge-intensive service firms: Evidence from Chinese A-share listed firms," International Review of Financial Analysis, Elsevier, vol. 78(C).
    6. Feng, Tong & Lin, Zhongguo & Du, Huibin & Qiu, Yueming & Zuo, Jian, 2021. "Does low-carbon pilot city program reduce carbon intensity? Evidence from Chinese cities," Research in International Business and Finance, Elsevier, vol. 58(C).
    7. Kong, Qunxi & Shen, Chenrong & Li, Rongrong & Wong, Zoey, 2021. "High-speed railway opening and urban green productivity in the post-COVID-19: Evidence from green finance," Global Finance Journal, Elsevier, vol. 49(C).
    8. Cheng, Hua & Wang, Ziqi & Peng, Dan & Kong, Qunxi, 2020. "Firm’s outward foreign direct investment and efficiency loss of factor price distortion: Evidence from Chinese firms," International Review of Economics & Finance, Elsevier, vol. 67(C), pages 176-188.
    9. Kong, Qunxi & Shen, Chenrong & Chen, Afei & Peng, Dan & Wong, Zoey, 2021. "How demand scale affect services exports? Evidence from financial development perspective," Research in International Business and Finance, Elsevier, vol. 58(C).
    10. Kong, Qunxi & Shen, Chenrong & Sun, Wei & Shao, Wei, 2021. "KIBS Import Technological Complexity and Manufacturing Value Chain Upgrading from a Financial Constraint Perspective," Finance Research Letters, Elsevier, vol. 41(C).
    11. Wong, Zoey & Li, Rongrong & Zhang, Yidie & Kong, Qunxi & Cai, Molly, 2021. "Financial services, spatial agglomeration, and the quality of urban economic growth–based on an empirical analysis of 268 cities in China," Finance Research Letters, Elsevier, vol. 43(C).
    12. Kong, Qunxi & Guo, Rui & Wang, Yang & Sui, Xiuping & Zhou, Shimin, 2020. "Home-country environment and firms’ outward foreign direct investment decision: Evidence from Chinese firms," Economic Modelling, Elsevier, vol. 85(C), pages 390-399.
    13. Kong, Qunxi & Peng, Dan & Ruijia, Zhang & Wong, Zoey, 2021. "Resource misallocation, production efficiency and outward foreign direct investment decisions of Chinese enterprises," Research in International Business and Finance, Elsevier, vol. 55(C).
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    Cited by:

    1. Wang, Ke-Liang & Jiang, Wei & Miao, Zhuang, 2023. "Impact of high-speed railway on urban resilience in China: Does urban innovation matter?," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    2. Li, Bin & Zhao, Qizi & Shahab, Yasir & Kumar, Satish, 2023. "High-speed rail construction and labor investment efficiency: Evidence from an emerging market," Research in International Business and Finance, Elsevier, vol. 64(C).
    3. Senchang Hu & Yunhong Wang & Wenzhe Tang, 2023. "Factors Influencing International Infrastructure Investment: An Empirical Study from Chinese Investors," Sustainability, MDPI, vol. 15(14), pages 1-15, July.

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