Arbeitspapier
High-speed railway, market access, and economic growth
This paper establishes a general equilibrium trade model and adopts the "market access" approach to measure the impact of the high-speed railway (HSR) network on the economic growth of 110 of the main prefecture-level cities of the People's Republic of China, for which we manually collect the pairwise travel distances and railway speeds to calculate the market access (MA). The empirical results show that the launch of the HSR exerts significant positive effects on growth; specifically, a 1% increase in MA leads to an increase in real income of 0.123% (controlling the region fixed effect) or 0.121% (controlling the province fixed effect). Counterfactual econometric analysis indicates that, if all the HSR were removed in 2015, the market access would fall by an average of 76.2% and the aggregate real income would decline by up to 9.4%. The growth effect of the HSR varies across cities, and the HSR has a more prominent impact on services than on manufacturing. The conclusion remains valid after a series of robustness tests.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADBI Working Paper ; No. 852
- Klassifikation
-
Wirtschaft
Empirical Studies of Trade
Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
Transportation Economics: Government and Private Investment Analysis; Road Maintenance, Transportation Planning
- Thema
-
high-speed railway
transport infrastructure
market access
economic growth
PRC
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wei Zou
Chen, Liangheng
Xiong, Junke
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank Institute (ADBI)
- (wo)
-
Tokyo
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wei Zou
- Chen, Liangheng
- Xiong, Junke
- Asian Development Bank Institute (ADBI)
Entstanden
- 2018
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