The Impact of Speed up on the Economy of Cities along the Beijing-Shanghai High-Speed Railway

DOI: https://doi.org/10.62517/jmsd.202612129

Author(s)

Zhijie Liang, Yue Li*, Litian Guo, Jiafa Zhu, Huiwen Guan

Affiliation(s)

Transportation & Economics Research Institute, China Academy of Railway Sciences Corporation Limited, Beijing, China *Corresponding Author

Abstract

Against the background of high-speed rail acceleration, this paper expounds the mechanism of the effect of high-speed rail acceleration on urban economic development through constructing trade models between different cities. At the same time, using data from cities along the Beijing-Shanghai railway from 2007 to 2018, the impact of speed increases in different periods of high-speed rail on the economic development of cities along the line is empirically tested. The empirical results show that during the overall acceleration of the Beijing-Shanghai high-speed railway, the speed increase had a significant promoting effect on the economic growth of cities along the line. At the same time, further research found that the acceleration of the Beijing-Shanghai high-speed rail had a more significant impact on the economic growth of prefecture-level cities than provincial capitals and municipalities; the intensity of impact on the urban economy was positively related to the level of economic development of the city. Finally, based on the research results, this paper believes that in order to more effectively promote the economic development of cities along the Beijing-Shanghai high-speed railway, railway transport enterprises should adopt different speed increase strategies according to the different levels of economic development and administrative levels of cities.

Keywords

High-Speed Rail; Speed Upgrade; Economic Growth; Market Access

References

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