Estimating the economic benefits of high-speed rail in China: A new perspective from the connectivity improvement
Loading...
View/Download File
Persistent link to this item
Statistics
View StatisticsJournal Title
Journal ISSN
Volume Title
Title
Estimating the economic benefits of high-speed rail in China: A new perspective from the connectivity improvement
Authors
Published Date
2019
Publisher
Journal of Transport and Land Use
Type
Article
Abstract
This paper evaluates the economic benefits of high-speed rail (HSR) in China, with a focus on the connectivity change resulting from HSR development. The effect of HSR, measured in degree centrality, is assessed using a spatial econometric modeling technique based on a panel dataset that covers 268 Chinese cities from 2008-2015. To provide a robust assessment, statistical issues including heterogeneous effects, endogeneity, and spatial dependence are addressed simultaneously in the spatial panel modeling process. Our empirical results confirm that connectivity improvement brought by HSR plays a vital role in facilitating economic growth. Specifically, the contribution of HSR to urban economic growth is found to be 0.11, most of which comes from a local effect rather than a spillover effect. Overall, the research findings suggest that urban economic growth can benefit from the development of HSR.
Description
This is part of SPECIAL SECTION: RAIL TRANSIT DEVELOPMENT IN CHINA AND BEYOND in Volume 12 (2019) of JTLU.
Related to
Replaces
License
Collections
Series/Report Number
Funding information
Isbn identifier
Doi identifier
10.5198/jtlu.2019.1264
Previously Published Citation
Suggested citation
Chong, Zhaohui; Qin, Chenglin; Chen, Zhenhua. (2019). Estimating the economic benefits of high-speed rail in China: A new perspective from the connectivity improvement. Retrieved from the University Digital Conservancy, 10.5198/jtlu.2019.1264.
Content distributed via the University Digital Conservancy may be subject to additional license and use restrictions applied by the depositor. By using these files, users agree to the Terms of Use. Materials in the UDC may contain content that is disturbing and/or harmful. For more information, please see our statement on harmful content in digital repositories.