This paper studies the effect of high-speed rail(HSR)on urban economic growth using a panel data comprising 285 Chinese cities in 2007-2017.Combining the endogenous growth model with a difference-in-difference analysi...This paper studies the effect of high-speed rail(HSR)on urban economic growth using a panel data comprising 285 Chinese cities in 2007-2017.Combining the endogenous growth model with a difference-in-difference analysis,we extend the horse-mass theory to explain how China may use HSR to avoid the so-called middle-income trap.The paper also examines the efficient boundaries of HSR and simultaneously studies HSR timespace compression as well as the city neighboring ejfects on economic growth.It is found that HSRs efficient boundaries are within the range of 200-1,200 km for provincial capitals and 50-300 km for prefecture-level cities.HSR stimulates economic growth by approximately 0.6 percent,and the neighboring effect accounts for one-quarter of economic growth.Three policy implications are drawn:(i)China needs tofurther reduce the travel times between the inland provincial cities and Beijing,Shanghai or Guangzhou;(ii)China should build a denser HSR network to maximize its economic impact on the vast majority of cities;(Hi)China needs to develop some powerful economic growth centers in the inland areas to lead the development of their neighboring cities.展开更多
基金This research was fnancially supported by the National Social Science Foundation of China(No.18ZDA005)the National Natural Science Foundation of China(Nos.71673033 and 71573077).
文摘This paper studies the effect of high-speed rail(HSR)on urban economic growth using a panel data comprising 285 Chinese cities in 2007-2017.Combining the endogenous growth model with a difference-in-difference analysis,we extend the horse-mass theory to explain how China may use HSR to avoid the so-called middle-income trap.The paper also examines the efficient boundaries of HSR and simultaneously studies HSR timespace compression as well as the city neighboring ejfects on economic growth.It is found that HSRs efficient boundaries are within the range of 200-1,200 km for provincial capitals and 50-300 km for prefecture-level cities.HSR stimulates economic growth by approximately 0.6 percent,and the neighboring effect accounts for one-quarter of economic growth.Three policy implications are drawn:(i)China needs tofurther reduce the travel times between the inland provincial cities and Beijing,Shanghai or Guangzhou;(ii)China should build a denser HSR network to maximize its economic impact on the vast majority of cities;(Hi)China needs to develop some powerful economic growth centers in the inland areas to lead the development of their neighboring cities.
