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

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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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