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Regional economic growth and the role of high-speed rail in China

Author

Listed:
  • Shujie Yao
  • Fan Zhang
  • Feng Wang
  • Jinghua Ou

Abstract

Rapid development of High-speed railways (HSR) in China has attracted serious research interest. This paper proposes an endogenous economic growth model to explain how and why HSR may lead to faster economic growth and regional convergence in China using data from 285 cities in 2010–2014. TSLS estimation suggests that HSR has a powerful impact on urban economic growth and regional convergence. It suggests that HSR was a potent driver responsible for the sustainable and steady economic expansion of the Chinese regions in the aftermath of the world financial crisis.

Suggested Citation

  • Shujie Yao & Fan Zhang & Feng Wang & Jinghua Ou, 2019. "Regional economic growth and the role of high-speed rail in China," Applied Economics, Taylor & Francis Journals, vol. 51(32), pages 3465-3479, July.
    • Handle: RePEc:taf:applec:v:51:y:2019:i:32:p:3465-3479
    DOI: 10.1080/00036846.2019.1581910
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    Cited by:

    1. Wang, Yongpei & Guan, Zhongyu & Zhang, Qian, 2023. "Railway opening and carbon emissions in distressed areas: Evidence from China's state-level poverty-stricken counties," Transport Policy, Elsevier, vol. 130(C), pages 55-67.
    2. Liu, Xueli & Jiang, Chunxia & Wang, Feng & Yao, Shujie, 2021. "The impact of high-speed railway on urban housing prices in China: A network accessibility perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 152(C), pages 84-99.
    3. Jin, Wenwan & Zhu, Shengjun, 2023. "High-speed rail network and regional convergence/divergence in industrial structure," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    4. Ding, Feng & Yang, Jianping & Zhou, Zan, 2023. "Economic profits and carbon reduction potential of photovoltaic power generation for China's high-speed railway infrastructure," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).
    5. Jinxing Hu & Guojie Ma & Chaohai Shen & Xiaolan Zhou, 2022. "Impact of Urbanization through High-Speed Rail on Regional Development with the Interaction of Socioeconomic Factors: A View of Regional Industrial Structure," Land, MDPI, vol. 11(10), pages 1-21, October.
    6. Yang, Xuehui & Zhang, Huirong & Lin, Shanlang & Zhang, Jiaping & Zeng, Jianlong, 2021. "Does high-speed railway promote regional innovation growth or innovation convergence?," Technology in Society, Elsevier, vol. 64(C).
    7. Bingyu Wu & Weidong Li & Jingyu Chen, 2022. "Networked Transport and Economic Growth: Does High-Speed Rail Narrow the Gap between Cities in China?," Sustainability, MDPI, vol. 14(10), pages 1-20, May.
    8. Li, Wenfei & Li, Donghui & Yang, Shijie, 2022. "The impact of internet penetration on venture capital investments: Evidence from a quasi-natural experiment," Journal of Corporate Finance, Elsevier, vol. 76(C).
    9. Di Matteo, Dante & Cardinale, Bernardo, 2023. "Impact of high-speed rail on income inequalities in Italy," Journal of Transport Geography, Elsevier, vol. 111(C).
    10. Liang Nie & ZhongXiang Zhang, 2021. "Is high-speed rail green? Evidence from a quasi-natural experiment in China," Working Papers 2021.23, Fondazione Eni Enrico Mattei.
    11. Jin, Mengjie & Shi, Wenming & Liu, Yu & Xu, Xiaoling & Li, Kevin X., 2022. "Heterogeneous impact of high speed railway on income distribution: A case study in China," Socio-Economic Planning Sciences, Elsevier, vol. 79(C).
    12. Tianshu Li & Zhigang Chen, 2022. "The impact of transportation development on land price differences between cities: Widening or narrowing?—A case study based on the provincial level of Mainland China," Growth and Change, Wiley Blackwell, vol. 53(2), pages 910-932, June.
    13. Liu, Mengsha & Jiang, Yan & Wei, Xiaokun & Ruan, Qingsong & Lv, Dayong, 2023. "Effect of high-speed rail on entrepreneurial activities: Evidence from China," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    14. Wang, Qi & Lu, Shaokai, 2022. "The influence of hybrid accessibility on tourism economy in prefecture-level cities: Evidence from China's high-speed rail network," Journal of Transport Geography, Elsevier, vol. 104(C).
    15. Shanlang Lin & Prithvi Raj Dhakal & Zhaowei Wu, 2021. "The Impact of High-Speed Railway on China’s Regional Economic Growth Based on the Perspective of Regional Heterogeneity of Quality of Place," Sustainability, MDPI, vol. 13(9), pages 1-24, April.
    16. Binfeng Ma, 2022. "The Impact of Environmental Pollution on Residents’ Income Caused by the Imbalance of Regional Economic Development Based on Artificial Intelligence," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
    17. He, Xi, 2023. "Dams, cropland productivity, and economic development in China," China Economic Review, Elsevier, vol. 81(C).
    18. Yuan, Liang & Fan, Xiaoming, 2023. "As a Chinese saying goes, ‘To get rich, first pave the way’: The opening of high-speed rail and automobile consumption in China," Journal of Retailing and Consumer Services, Elsevier, vol. 73(C).
    19. Jin, Mengjie & Lin, Kun-Chin & Shi, Wenming & Lee, Paul T.W. & Li, Kevin X., 2020. "Impacts of high-speed railways on economic growth and disparity in China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 138(C), pages 158-171.
    20. Nie, Liang & Zhang, ZhongXiang, 2023. "Is high-speed rail heading towards a low-carbon industry? Evidence from a quasi-natural experiment in China," Resource and Energy Economics, Elsevier, vol. 72(C).

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