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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.

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.

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

The Impact of High-Speed Rail on Innovation

2019
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Release : 2019
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Book Synopsis The Impact of High-Speed Rail on Innovation by : Yanyan Gao

Download or read book The Impact of High-Speed Rail on Innovation written by Yanyan Gao. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Transportation has long been shown to produce real impacts on productivity, urbanization, and economic growth, among others, companying with which innovation might take place. However, extant literature provides limited evidence on the companion innovation hypothesis of transportation improvement. The fast rollout of high-speed rail (HSR) in China is explored as a natural experiment to identify that hypothesis by matching it with three waves of innovation surveys on manufacturing firms from the Yangtze River Delta and Pearl River Delta, China's two most developed regions. The empirical results, obtained using the difference in differences method, show that HSR connection promotes firm innovation in peripheral areas, which are larger in the Yangtze River Delta, which increases over time but switches from process innovation to product innovation and stands under various robustness checks. Further studies show that HSR connection promotes innovation by arousing entrepreneurs' recognition of the importance of innovation and property rights protection, opening new sources for innovation and bringing about market size effects.

Triumph of the City

2012-01-31 Social Science
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Release : 2012-01-31
Genre : Social Science
Kind : eBook
Book Rating : 549/5 ( reviews)

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Book Synopsis Triumph of the City by : Edward Glaeser

Download or read book Triumph of the City written by Edward Glaeser. This book was released on 2012-01-31. Available in PDF, EPUB and Kindle. Book excerpt: Shortlisted for the Financial Times and McKinsey Best Book of the Year Award in 2011 “A masterpiece.” —Steven D. Levitt, coauthor of Freakonomics “Bursting with insights.” —The New York Times Book Review A pioneering urban economist presents a myth-shattering look at the majesty and greatness of cities America is an urban nation, yet cities get a bad rap: they're dirty, poor, unhealthy, environmentally unfriendly . . . or are they? In this revelatory book, Edward Glaeser, a leading urban economist, declares that cities are actually the healthiest, greenest, and richest (in both cultural and economic terms) places to live. He travels through history and around the globe to reveal the hidden workings of cities and how they bring out the best in humankind. Using intrepid reportage, keen analysis, and cogent argument, Glaeser makes an urgent, eloquent case for the city's importance and splendor, offering inspiring proof that the city is humanity's greatest creation and our best hope for the future.

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