Has the opening of high-speed rail narrowed the inter-county economic gap? The perspective of China's state-designated poor counties

Chen, Ming; Liu, X.; Xiong, Xiancheng; Wu, Jiao

doi:10.1016/j.iref.2023.05.004

Cited by 4 publications

(1 citation statement)

References 59 publications

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“…Wang and Zhang (2023) find that the establishment of new HSR stations has led to the flattening of the economic density gradient of prefecture-level cities in China and promoted urban expansion [34]. Chen et al (2023) find that the launch of HSR has greatly narrowed the inter-county economic gap and contributed to balanced regional development [35]. Reflected in the financial dimension, the siphon effect and diffusion effect of HSR jointly determine the direction of the change in urban financial agglomeration.…”

Section: H1 the Opening Of Hsr Will Impact Urban Financial Agglomerationmentioning

confidence: 99%

Does the Opening of High-Speed Rail Change Urban Financial Agglomeration?

Hu,

Jiang,

et al. 2024

Sustainability

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High-speed rail (HSR) in China has led to altered spatiotemporal distances, thus inevitably affecting the regional economies. Has HSR also impacted the urban financial pattern? We analyze the relationship between HSR and financial agglomeration in 283 prefecture-level cities in China and find that HSR significantly reduces urban financial agglomeration and promotes financial diffusion. After the opening of HSR, financial employees (AGGE) and deposit agglomeration (AGGD) decrease by 0.06 and 0.07, respectively. Specifically: (1) HSR creates a financial diffusion effect by promoting industrial restructuring and technological innovation, thereby preventing excessive financial agglomeration in cities; (2) the heterogeneity analysis shows that financial factors are generally diffused from east to west, and HSR mainly causes a decrease in financial agglomeration in the eastern region; (3) we construct four spatial matrices for regression to further verify the impact of HSR, and we find that the indirect effect of HSR on financial agglomeration is more significant compared to the direct effect.

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Section: H1 the Opening Of Hsr Will Impact Urban Financial Agglomerationmentioning

confidence: 99%

Does the Opening of High-Speed Rail Change Urban Financial Agglomeration?

Hu,

Jiang,

et al. 2024

Sustainability

View full text Add to dashboard Cite

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Big data analytics and corporate financing constraints: Evidence from a developing country

Chen,

Ai,

Xiong

et al. 2024

Manage Decis Econ

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Using the panel data of A‐share listed companies from 2011 to 2020, we explore the effect of big data analytics (BDA) development on corporate financing constraints. We innovatively design quantitative indicators of BDA with the help of textual methods and found that BDA can significantly mitigate corporate financing constraints after a series of robust and endogeneity test. Moreover, BDA can promote the corporate's total factor productivity (TFP) and increase the financing capacity of corporation. Overall, BDA will significantly ease corporate financing constraints.

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