scholarly journals The Impact of High-Speed Rail Opening on City Economics along the Silk Road Economic Belt

2020 ◽  
Vol 12 (8) ◽  
pp. 3176 ◽  
Author(s):  
Feng Li ◽  
Yang Su ◽  
Jiaping Xie ◽  
Weijun Zhu ◽  
Yahua Wang
Keyword(s):  
Economic Growth ◽  
High Speed ◽  
Silk Road ◽  
Growth Effect ◽  
Control Group ◽  
High Speed Rail ◽  
Large Cities ◽  
Railway Infrastructure ◽  
Silk Road Economic Belt ◽  
The Impact

Achieving transport connectivity is a priority in China’s “Belt and Road Initiative”. In order to further understand the impact of railway infrastructure on city-level economic expansion, we set cities with high-speed rail as the treatment group and those without high-speed rail as the control group, and a difference-in-differences (DID) technique was used to estimate the growth impact and heterogeneity of high-speed rail opening on the economic growth of cities along the New Silk Road Economic Belt. The main results are as follows: First, economic growth in cities with operational high-speed rail lines was significantly higher than those without high-speed rail. Second, the impact of high-speed rail on economic growth exhibited distinct heterogeneity. Large cities tend to have a stronger siphoning effect, resulting in more pronounced impact of high-speed rail opening on urban economic growth. Third, cities with higher marketization levels and higher government efficiency were shown to have stronger economic growth effect.

The Impact of High-Speed Rail on the Spatial Structure of Chinese Urban Agglomerations

2020 ◽  
Vol 46 (3) ◽  
pp. 379-397
Author(s):  
Chunyang Wang
Keyword(s):  
High Speed ◽  
River Delta ◽  
City Size ◽  
High Speed Rail ◽  
Local Conditions ◽  
Urban Agglomerations ◽  
Large Cities ◽  
Spatial Systems ◽  
Economic Concentration ◽  
The Impact

This paper measures the spatial evolution of urban agglomerations to understand be er the impact of high-speed rail (HSR) construction, based on panel data from fi ve major urban agglomerations in China for the period 2004–2015. It is found that there are signi ficant regional diff erences of HSR impacts. The construction of HSR has promoted population and economic diff usion in two advanced urban agglomerations, namely the Yang e River Delta and Pearl River Delta, while promoting population and economic concentration in two relatively less advanced urban agglomerations, e.g. the middle reaches of the Yang e River and Chengdu–Chongqing. In terms of city size, HSR promotes the economic proliferation of large cities and the economic concentration of small and medium-sized cities along its routes. HSR networking has provided a new impetus for restructuring urban spatial systems. Every region should optimize the industrial division with strategic functions of urban agglomeration according to local conditions and accelerate the construction of inter-city intra-regional transport network to maximize the eff ects of high-speed rail across a large regional territory.

scholarly journals Does the Construction and Operation of High-Speed Rail Improve Urban Land Use Efficiency? Evidence from China

Land ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 303
Author(s):  
Xinhai Lu ◽  
Yifeng Tang ◽  
Shangan Ke
Keyword(s):  
Economic Growth ◽  
Land Use ◽  
High Speed ◽  
Urban Land ◽  
Urban Land Use ◽  
Western China ◽  
High Speed Rail ◽  
Land Use Efficiency ◽  
Use Efficiency ◽  
The Impact

The construction and operation of high-speed rail (HSR) has become an important policy for China to achieve efficiency and fairness and promote high-quality economic growth. HSR promotes the flow of production factors such as labor and capital and affects economic growth, and may further affect urban land use efficiency (ULUE). To explore the impact of HSR on ULUE, this paper uses panel data of 284 cities in China from 2005 to 2018, and constructs Propensity Score Matching-Differences in Differences model to evaluate the effect of HSR on ULUE. The result of entire China demonstrates that the HSR could significantly improves the ULUE. Meanwhile, this paper also considers the heterogeneity of results caused by geographic location, urban levels and scales. It demonstrates that the HSR has a significantly positive effect on ULUE of Eastern, Central China, and large-sized cities. However, in Western China, in medium-sized, and small-sized cities, the impact of HSR on ULUE is not significant. This paper concludes that construction and operation of HSR should be linked to urban development planning and land use planning. Meanwhile, the cities with different geographical locations and scales should take advantage of HSR to improve ULUE and promote urban coordinated development.

scholarly journals The Effect of Governance Quality on Economic Growth: Based on China’s Provincial Panel Data

Economies ◽  
2018 ◽  
Vol 6 (4) ◽  
pp. 56 ◽  
Author(s):  
Jiandang Liu ◽  
Jie Tang ◽  
Bo Zhou ◽  
Zhijun Liang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Panel Data ◽  
High Speed ◽  
Growth Effect ◽  
Eastern Region ◽  
High Quality ◽  
Governance Quality ◽  
The Impact

This paper investigates the impact of governance quality on economic growth in China. After developing a theoretical framework for the effect of governance quality on local economic growth, this article studies the panel data in provincial regions over the period 2001–2015 by constructing a new comprehensive index of provincial governance, and checks the robustness of the empirical findings from four aspects. The results show that governance quality has a positive effect on economic growth, due to good governance strengthening the “helping hand” or weakening the “grabbing hand” of power. Governance quality presents diminishing marginal returns, which means that the high-speed economic growth effect becomes less and less, while the high-quality economic development effect becomes more and more. Higher governance quality could bring a high-speed economic growth effect in the western region, while higher governance quality could bring a high-quality economic development effect in the eastern region. Compared with fixed-asset investment, human capital has played a more important role in economic growth. In order to promote the sustainable development of China’s economy, policy makers should improve local governance quality, strengthen the capacity of independent innovation, and promote the accumulation of high-quality human capital.

scholarly journals High-speed railway and regional economic growth: a case of Beijing-Shanghai high-speed railway

2019 ◽  
Vol 10 (2) ◽  
pp. 95-104
Author(s):  
Yonghong Chen
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
High Speed ◽  
Difference In Differences ◽  
High Speed Rail ◽  
High Speed Railway ◽  
Regional Economic ◽  
The Difference ◽  
The Impact ◽  
Development Course

Abstract The development course of high-speed railway indicates that it not only changes the composition of traffic modes when competing with other modes of transportation, but also plays an important role in spurring the economic growth of the cities along the line and the evolution of regional spatial structure. Taking Beijing-Shanghai high-speed railway as an example, this paper constructs the first-level panel data of the cities along the Beijing-Shanghai high-speed railway and its surrounding cities from 2007 to 2016, and uses the difference-in-differences estimation to study the impact of high-speed rail opening on economic development. The research results show that it has significantly jump-started the economy of cities along the line. The Beijing-Shanghai high-speed railway will become a crucial axis for regional economic development along the Beijing-Shanghai railway, as it has remarkably advanced the economic development of the cities along the route.

scholarly journals A Study on the Effect of High-Speed Railway on Economic Growth of Beijing-Tianjin-Hebei Urban Agglomeration

2021 ◽  
Vol 251 ◽  
pp. 03034
Author(s):  
Chenyang Wang
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
High Speed ◽  
Industrial Structure ◽  
Empirical Support ◽  
Urban Agglomeration ◽  
Growth Effect ◽  
High Speed Railway ◽  
Empirical Results ◽  
The Impact

In order to measure the value of high-speed railway in the development of Beijing-Tianjin-Hebei urban agglomeration and provide empirical support for the rationality of “eight horizontal and eight vertical” planning, based on the impact mechanism of high-speed railway on economic growth, this paper uses the data of 13 prefecture level cities in Beijing-Tianjin-Hebei urban agglomeration from 2009 to 2017 to quantitatively study the economy of Beijing-Tianjin-Hebei urban agglomeration triggered by high-speed railway Growth effect. The empirical results show that the overall effect of high-speed railway on economic growth of Beijing- Tianjin-Hebei urban agglomeration is 0.545 in the past two years, which is a large positive effect. The highspeed railway can not only directly stimulate the economic growth of Beijing-Tianjin-Hebei urban agglomeration by expanding the scale of capital investment, but also indirectly promote the economic growth of Beijing Tianjin Hebei urban agglomeration by promoting the development of system, technology, labor force and industrial structure, which proves the value of high-speed railway. Finally, according to the empirical results, it provides reasonable feasible suggestions to the relevant government departments.

40 Jahre Stabilitäts- und Wachstumsgesetz. Theoretische Analyse und statistische Evaluation einer verfassungsökonomischen Innovation

2008 ◽  
Vol 49 (1) ◽  
Author(s):  
Heinz Grossekettler
Keyword(s):  
Economic Growth ◽  
Trade Unions ◽  
Full Employment ◽  
Working Hours ◽  
Control Group ◽  
Wage Policy ◽  
Inappropriate Use ◽  
Success Stories ◽  
The Law ◽  
The Impact

AbstractThis paper considers the impact over time of the German “Economic Growth and Stability Law”, which had its 40th anniversary on the 6th June, 2007. After looking at the history and development of the law and the associated expectations, the intended functions are analysed critically. Inappropriate use of the law is analysed from the perspective of public choice, as well as the insufficient consideration of reaction delays and, above all, the underestimation of the role of expectations. Furthermore, attention is paid to the fact that planning and coordination problems have not been satisfactorily resolved. A comparison with a control group from major European countries is then used to determine whether one can talk meaningfully in the German context of particular success stories in countering fluctuations in business cycles, the development of governmental debt and of legal objectives with respect to “price level stability”, “high levels of employment”, “current account equilibrium” and “satisfactory economic growth”. It becomes evident that government debt and unemployment have risen more in Germany and that growth rates have declined more sharply than in the countries on which the comparison is based. After discussing the hypotheses for explaining the weak German growth, growth accounting demonstrates that changes in the demographic structure, the substantial shortening of working hours and early retirement, blunders in the reunification process and an aggressive wage policy on the part of trade unions, particularly in the seventies, are the main reasons for low growth. This wage policy was triggered by the expectation of the trade unions that, with the aid of the Stability and Growth Law, the state would ensure full employment. In reality, however, the wage policy led to a reduced rate of investment and growth. This process could only be terminated by the restrained wage policy of the past few years.

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