Abstract
In order to measure the value of high-speed railway in the development of Beijing-Tianjin-Hebei urban agglomeration and provide empirical support for the rationality of “eight horizontal and eight vertical” planning, based on the impact mechanism of high-speed railway on economic growth, this paper uses the data of 13 prefecture level cities in Beijing-Tianjin-Hebei urban agglomeration from 2009 to 2017 to quantitatively study the economy of Beijing-Tianjin-Hebei urban agglomeration triggered by high-speed railway Growth effect. The empirical results show that the overall effect of high-speed railway on economic growth of Beijing- Tianjin-Hebei urban agglomeration is 0.545 in the past two years, which is a large positive effect. The highspeed railway can not only directly stimulate the economic growth of Beijing-Tianjin-Hebei urban agglomeration by expanding the scale of capital investment, but also indirectly promote the economic growth of Beijing Tianjin Hebei urban agglomeration by promoting the development of system, technology, labor force and industrial structure, which proves the value of high-speed railway. Finally, according to the empirical results, it provides reasonable feasible suggestions to the relevant government departments.
Highlights
High-speed railway has a high standard of design speed, which can be used for trains running at a speed of not less than 250 km/h on the track
Industrial structure, technological level, institutional factors and labor force level are the core elements that can not be ignored in the process of economic growth in the new economic geography theory and urban economics theory
The NFI, IFI and CFI values in the incremental fitness statistics are all more than 0.9, which meets the requirements of passing the incremental fitness test
Summary
High-speed railway has a high standard of design speed, which can be used for trains running at a speed of not less than 250 km/h on the track. In 2004, China proposed the planning task of constructing "four horizontal and four vertical" high-speed rail network, which is largely completed. China is steadily developing in the process of promoting the "eight horizontal and eight vertical" new planning proposed in 2016. Under the background of the rapid development of high-speed railway construction, to explore the role and status of high-speed railway in promoting China's economic growth will be an important basis for judging the social value of high-speed railway. As China's political and cultural center, Beijing-Tianjin-Hebei urban agglomeration is one of the earliest regions to open high-speed railway in China. Beijing-TianjinHebei urban agglomeration is selected as the research object of high-speed railway on urban economic growth
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