Travel costs, trade, and market segmentation: Evidence from China's high‐speed railway

Niu, Dongxiao; Sun, Weizeng; Zheng, Siqi

doi:10.1111/pirs.12557

Cited by 30 publications

(15 citation statements)

References 58 publications

(73 reference statements)

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“…At the same time, industries with higher technology dependence and provinces with poorer preexisting ICT levels tend to benefit more from it. They also revealed the significant impact of HSR on information flow and knowledge spillover and that HSR could generate more room for freight services than another mode of transportation [7]. Additionally, Ma et al found out that HSR leads to an increase in entrepreneurship by 3.5%.…”

Section: Literature Reviewmentioning

confidence: 98%

Joint Effect of High-speed Rail and Air Pollution on Tourism in Nearby Cities

Chen¹,

Zhang²

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Most of the previous researchers estimated the influencing factors of the high-speed railway (HSR) on tourism without considering the influential factors on different air quality levels. With high-speed railway construction as a quasi-experiment, this paper contributes to evaluating how air quality affects the passenger-oriented transportation infrastructure's impacts on tourism. As one of the most economically developed regions in China, Hu-Ning-Hang region has become an excellent example to compare this effect. Based on a triple difference (DDD) approach, the results indicate that tourism increase significantly in cities with good air quality and decrease in cities with bad air quality. The results also suggest that industrial development also improved, but the gap between cities with different air quality is not apparent. Therefore, this research support that under the influence of air quality, the opening of HSR will have different impacts on tourism, but the impact on industrial development is similar.

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Section: Literature Reviewmentioning

confidence: 98%

Joint Effect of High-speed Rail and Air Pollution on Tourism in Nearby Cities

Chen¹,

Zhang²

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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“…Knowledge intensity, human capital level and labor cost are all important factors affecting the agglomeration of producer services. The rapid transit network expansion of urban agglomeration is conducive to expand the scope of high-quality innovative talents district, enlarge the radius of innovation talent service, improve the labor supply and demand match, strengthen the talent links between the city [27] and enhance the competitiveness of cities along, provide more face-to-face communication opportunities and route of transmission of knowledge for the industry department, so as to promote the development of producer services cluster. The free flow of high-quality labor force in the urban agglomeration improves the frequency of talent interaction, promotes the flow and sharing of knowledge within the industry, and thus mutual learning and mutual imitation form knowledge spillover effect.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

The Impact of Land Transportation Integration on Service Agglomeration in Yangtze River Delta Urban Agglomeration

Wei¹,

Li²,

Yu³

et al. 2022

Preprint

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This study selected the Yangtze River Delta urban agglomeration as the research area, combining it with the current situation of the transportation development of the Yangtze River Delta urban agglomeration to construct the urban agglomeration transportation integration index system and evaluate the development status of the Yangtze River Delta urban agglomeration transportation integration. The study examined the influence mechanism of transportation infrastructure on service industry agglomeration. The results are as follows: (1) From 2011–2020, the Yangtze River Delta urban agglomeration’s transportation integration index showed a clear upward trend. (2)The development of transport integration in urban agglomerations has heterogeneous effects on local service agglomeration. The development of the integration level of local transportation has a certain inhibitory effect on the agglomeration of local service industry. The transportation integration of the Yangtze River Delta urban agglomeration plays an important role in promoting the agglomeration of local wholesale and retail industry, transportation, storage and postal services. (3) The transportation integration of urban agglomeration can affect the agglomeration of service industry through the knowledge spillover brought by the free flow of various factors. The knowledge spillover effect caused by local transportation integration can promote the agglomeration of local service industry to a certain extent. The Yangtze River Delta urban agglomeration needs to accelerate the construction of trans-provincial and trans-municipal transportation infrastructure, and further improve the connectivity level of the urban agglomeration, so as to promote the integrated development of high-quality transportation in the Yangtze River Delta urban agglomeration.

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“…Hence, reverse causality is not a concern in this study. To resolve the potential endogeneity problem that HSR construction is common in cities with more capital flow, an instrumental variable is constructed for a city's likelihood to be connected in the HSR network using the variation in historical railway network (Zheng and Kahn 2013;Duranton et al, 2014;Niu et al, 2020).…”

Section: A U T H O R Accepted Manuscriptmentioning

confidence: 99%

“…To handle potential heteroskedasticity and serial correlation, standard errors are clustered at the city level. Table1summarizes the descriptive statistics for the variables in To address the omitted variable problem in fixed effects model, this study follows the study byNiu et al (2020) and constructs a panel-structured instrument using historical railway connection. Their approach assumes that the total number of newly constructed HSR lines and stations at the country-level HSR plan is exogenously determined by the central…”

mentioning

confidence: 99%

Transportation infrastructure and capital mobility: evidence from China’s high-speed railways

et al. 2021

Self Cite

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Using the data on venture capital investment in China and high-speed railway (HSR) construction as a natural experiment, this study presents empirical evidence about the impact of transportation infrastructure on capital mobility. The study finds that one new HSR train serving a city increases venture capital inflow to and outflow from that city by 1.0% and 1.6%, respectively. The heterogeneous analyses indicate that small cities, high-tech industries, and younger firms are significantly affected by HSR connections, which show that the accelerated information transmission and investors' incremental growth expectations may account for the observed effect.

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Travel costs, trade, and market segmentation: Evidence from China's high‐speed railway

Cited by 30 publications

References 58 publications

Joint Effect of High-speed Rail and Air Pollution on Tourism in Nearby Cities

Joint Effect of High-speed Rail and Air Pollution on Tourism in Nearby Cities

The Impact of Land Transportation Integration on Service Agglomeration in Yangtze River Delta Urban Agglomeration

Transportation infrastructure and capital mobility: evidence from China’s high-speed railways

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