Abstract
Industrial gentrification occurs when lower-skill or lower-wage industries are displaced by higher-skill or higher-wage industries caused by various driving forces. This research explored the associations of newly launched high-speed rail (HSR) stations with industrial gentrification. Sample data were obtained from business registration records from 2010 to 2018 for areas surrounding the Hangzhou East Railway Station (a new HSR station in newly developing areas) and Hangzhou Railway Station (a pre-existing rail station in developed areas) in China. Cox proportional hazard regressions were applied to analyze the survival risks of businesses. Empirical results suggest that the newly launched HSR services have induced industrial gentrification in the developed station area. Except for the displacement of agricultural production activities, HSR-induced industrial gentrification has not yet been manifested in the newly developed station area. The latter phenomenon is because of the sufficiently available lands and floor spaces for industrial development and the lower-skill or lower-wage industries and higher-skill or higher-wage industries that benefit from HSR services in the form of revenues.
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