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Does High-Speed Rail Connection Really Promote Local Economy? Evidence from China's Yangtze River Delta

2020
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Release : 2020
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Book Synopsis Does High-Speed Rail Connection Really Promote Local Economy? Evidence from China's Yangtze River Delta by : Yanyan Gao

Download or read book Does High-Speed Rail Connection Really Promote Local Economy? Evidence from China's Yangtze River Delta written by Yanyan Gao. This book was released on 2020. Available in PDF, EPUB and Kindle. Book excerpt: High-speed rail (HSR) has led to a transportation revolution in China. This paper uses the county-level panel data of China's Yangtze River Delta to investigate the effect of HSR connection on local economy. To address the issue of endogenous HSR route placement, we use a straight-line strategy to construct potential HSR connection variables as instrumental variables of the actual HSR connection. Both the difference-in-differences and instrumental variable methods show that HSR connection impedes local economy, especially in peripheral regions. The impediment effect is channeled through population reallocation from peripheral to core areas and the restructuring of industries.

Does High-Speed Rail Really Promote Economic Growth? Evidence from China's Yangtze River Delta Region

2018
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Release : 2018
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Book Synopsis Does High-Speed Rail Really Promote Economic Growth? Evidence from China's Yangtze River Delta Region by : Yanyan Gao

Download or read book Does High-Speed Rail Really Promote Economic Growth? Evidence from China's Yangtze River Delta Region written by Yanyan Gao. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: High-speed rail (HSR) has led to a transportation revolution in China. This paper uses county-level panel data of China's Yangtze River region to investigate the effect of connecting to an HSR line on local economy. To address the issue of endogenous HSR route placement, we employ a straight-line strategy to construct potential HSR connection variables as instrumental variables of the actual HSR connection. Both the difference-in-differences and instrumental variable methods show that connecting to HSR impedes local economy, especially in peripheral regions. The impediment effect is channelled through population reallocation from peripheral to core areas and the restructuring of industries. Our results indicate that the polarization effects of HSR outweigh its dispersion effects, consistent with the new economic geography theory.

The Social Benefits of High-Speed Rails in China

2024 High speed trains
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Release : 2024
Genre : High speed trains
Kind : eBook
Book Rating : 950/5 ( reviews)

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Book Synopsis The Social Benefits of High-Speed Rails in China by : Hongchang Li

Download or read book The Social Benefits of High-Speed Rails in China written by Hongchang Li. This book was released on 2024. Available in PDF, EPUB and Kindle. Book excerpt: Zusammenfassung: This book summarizes the quantitative research methods related to the social benefits of high-speed rails. It also explores the political, economic, technological, social and environmental impacts of high-speed rails. As China's new national business card, high-speed railways not only reflect the advanced technology of Chinese railways but also reflect China's increasing comprehensive national power. The highlight of the book is to conduct multidimensional analysis of the social benefits of the high-speed rail with a focus of spatiotemporal economics analysis

Transition of the Yangtze River Delta

2015-02-02 Business & Economics
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Release : 2015-02-02
Genre : Business & Economics
Kind : eBook
Book Rating : 786/5 ( reviews)

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Book Synopsis Transition of the Yangtze River Delta by : Zhibiao Liu

Download or read book Transition of the Yangtze River Delta written by Zhibiao Liu. This book was released on 2015-02-02. Available in PDF, EPUB and Kindle. Book excerpt: This is the first English book that presents a professional analysis of the recent dynamic movement of the Chinese economy by focusing on the Yangtze River Delta region, which is the main engine of the Chinese economy. The impact of the international financial crisis on China’s economic development requires a change from the first wave of economic globalization oriented toward exports to the second wave of economic globalization characterized by expanding domestic demand. Taking this economic aspect into consideration, the following are proposed in this book: 1) expansion of the level of openness in the process of increasing domestic demand means shifting the industrial focus from manufacturing to the service industry; 2) promotion of the globalization of local services should be based on the globalization of local manufacturing; 3) the Yangtze River Delta region should aim at its own strategic positioning under new, changed circumstances and should achieve modernization in advance with the concept of integrative development; 4) Establishment of a support system is essential meanwhile for this area to develop an innovative economy and to promote the transition from manufacturing to promoting emerging industries, including a modern service industry. The book has an underlying concept, namely, that the key to economic transformation is to start the development of modern services and that only by transforming the development pattern of the service industry can the transition and upgrade of the economy be effectively achieved. For this purpose further urbanization and advancing the transformation from low-tech to high-tech industries by the effective development of industrial clusters is advocated. To ensure that these conclusions are based on a solid analysis, the authors draw heavily upon empirical analyses employing modern econometric methods and make use of economic theories such as endogenous growth theory and spatial economic theory.

Socioeconomic Impacts of High-Speed Rail Systems

2023-05-01 Business & Economics
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Release : 2023-05-01
Genre : Business & Economics
Kind : eBook
Book Rating : 405/5 ( reviews)

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Book Synopsis Socioeconomic Impacts of High-Speed Rail Systems by : Francesca Pagliara

Download or read book Socioeconomic Impacts of High-Speed Rail Systems written by Francesca Pagliara. This book was released on 2023-05-01. Available in PDF, EPUB and Kindle. Book excerpt: This book offers new insights into the wider socioeconomic impacts of high-speed rail (HSR). Over the past few decades, significant investments have been made in these systems around the world. The use of public funds for the construction of high-speed rail offers a range of benefits, such as time savings, increased comfort, and reduced traffic congestion, as well as broader economic benefits, including the advancement of less developed regions. These proceedings feature papers presented at the 2nd International Workshop on the Socioeconomic Impacts of High-Speed Rail. The focus is on HSR’s impacts on equity and integration, the land use system, productivity, the environment, the tourism industry, and cooperation and integration with other modes of transport. The book provides an overview of the current state of practice from both theoretical and empirical perspectives. Consequently, it will be of interest to scholars of transportation economics and related fields, as well as transportation industry professionals.

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