Abstract
High-speed railway has an essential impact on the economic and social development of the regions along the line. Based on the Beijing-Shanghai high-speed railway, this paper constructs the DID model and analyzes the impact of Beijing-Shanghai high-speed railway on the economic development of prefecture-level cities along the route from the empirical perspective. The empirical analysis results show that the BeijingShanghai high-speed railway has a significant negative impact on the per capita GDP of prefecture-level cities along the line in the short term, mainly because the agglomeration effect is greater than the diffusion effect. Therefore, small cities should actively think about how to deal with the agglomeration effect caused by the construction of high-speed rail.
Highlights
Since the opening of Beijing-Tianjin intercity high-speed railway in 2008, China's high-speed railway has stepped into a rapid expansion stage, and the "four vertical and four horizontal" HSR network planned and constructed by the state has taken shape
Yit represents the economic indicators of the prefecture-level city i in the period t; i represents every sample city including the treatment group and the control group; t represents the year from 2008 to 2014; groupi is the virtual variable of the group, which indicates whether the city is a station city of BSHSR
This paper selects the opening of BSHSR as a quasinatural experiment and uses the panel data of prefecturelevel cities along the line from 2008 to 2014 and the double-difference model with fixed effect
Summary
Since the opening of Beijing-Tianjin intercity high-speed railway in 2008, China's high-speed railway (abbreviated to “HSR”, for short) has stepped into a rapid expansion stage, and the "four vertical and four horizontal" HSR network planned and constructed by the state has taken shape. Beijing-Shanghai high-speed railway (abbreviated to “BSHSR”, for short) is the "second vertical" in the "eight vertical and eight horizontal" network. It starts from Beijing and ends in Shanghai with 24 stations, spanning Beijing, Tianjin, Hebei, Shandong, Anhui, Jiangsu and Shanghai, three municipalities directly under the central government and four provinces. It is conducive to the transfer of advantage industries from the eastern regions to the central and western regions, the radiation of economic advantages in the eastern region to the whole country, and the revitalization of the national economy
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