Abstract
With the rapid development of High-speed Railway worldwide, particularly in China, its economic effect is increasingly prominent. In this paper, we claimed that the distance to HSR station rather than HSR connection affects its economic influence by examining the panel data of 333 prefectures during 1999-2013 in China. It is shown that cities would receive positive and significant economic gains if the distance between cities administrative center and the nearest HSR station is less than 10km. To address the potential endogenous problem, a least cost spanning tree network IV strategy based on Faber (2014) is adopted and further confirmed the robustness. Our finding provides scientific evidence of HSR station's location planning and is promising to optimize HSR's structural layout.
Highlights
The rapid construction of High-speed railway (HSR) in China provides us with an ideal empirical setting to detect the impact of HSR on economic growth
From columns (6)-(9), we find that the initial positive economic effect of distance declined and disappeared beyond 10km
By cooperating China's city data, HSR data and geographic data, we find that prefectures benefit from HSR connection only if the city center is within 10km road distance from the nearest HSR station
Summary
The rapid construction of HSR in China provides us with an ideal empirical setting to detect the impact of HSR on economic growth. With the open of the first Intercity Line between Beijing and Tianjin in 2008, China’s HSR era began. The HSR network in China Mainland had formed a complete network in the eastern and central regions and began to expand westward. According to the China Mid-long Railway Planning, the extent of the HSR network could reach 41,000 km forming a eight vertical and eight horizontal spatial framework. Consists of eight north–south and eight east–west rail corridors. The north–south corridors include Beijing–Shanghai, Beijing– Guangzhou–Shenzhen–Hong Kong, Beijing–Harbin, Huhhot–Nanning, Beijing–Kunming, Baotou–Haikou, and Lanzhou–Guangzhou. The east–west corridors are Suifenhe–Manchuria connecting Heilongjiang and east part of Inner Mongolia, Beijing–Lanzhou, Qingdao–Yinchuan, Lianyungang–Urumqi (Land Bridge), an HSR along the Yangtze River (from Shanghai to Chengdu), Shanghai–Kunming, Xiamen–Chongqing, and Guangzhou– Kunming. It is expected that HSR can substantially complement the modern comprehensive transportation network of China
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