Estimating the economic benefits of high-speed rail in China: A new perspective from the connectivity improvement

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. The 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.

• Record URL:
  • https://doi.org/10.5198/jtlu.2019.1264
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/19387849
• Supplemental Notes:
  • © 2019 Zhaohui Chong et al.
• Authors:
  • Chong, Zhaohui
  • Qin, Chenglin
  • Chen, Zhenhua
• Publication Date: 2019

Language

• English

Media Info

• Media Type: Digital/other
• Features: Maps; References; Tables;
• Pagination: pp 287-302
• Serial:
  • Journal of Transport and Land Use
  • Volume: 12
  • Issue Number: 1
  • Publisher: University of Minnesota, Minneapolis
  • ISSN: 1938-7849
  • Serial URL: https://www.jtlu.org/index.php/jtlu
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Connectivity; Econometric models; Economic growth; High speed rail; Urban areas
• Geographic Terms: China
• Subject Areas: Economics; Railroads;

Filing Info

• Accession Number: 01765865
• Record Type: Publication
• Files: TRIS
• Created Date: Feb 24 2021 9:47AM