Research Article
High-speed Rail and China's Economic Growth
@INPROCEEDINGS{10.4108/eai.18-11-2022.2326760, author={Jianyu Chi and Yanfeng Lei}, title={High-speed Rail and China's Economic Growth}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={high-speed rail construction economic development did method}, doi={10.4108/eai.18-11-2022.2326760} }- Jianyu Chi
Yanfeng Lei
Year: 2023
High-speed Rail and China's Economic Growth
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2326760
Abstract
In recent years, with the continuous improvement and deepening of China's high-speed rail construction, the impact of high-speed rail construction on economic development has become more and more significant. In order to measure the economic benefits of high-speed rail construction, we built an difference in difference (DID) model to explored the relationship between the construction of high-speed rail and the GDP of cities along the route using the data of 300 prefecture-level cities in China from 2005 to 2018. The research results show that: the construction of high-speed rail can significantly promote the growth of GDP in cities along the line. In addition, influence mechanism shows that the opening of high-speed rail can stimulate the growth of the number of people in the scientific research comprehensive service industry in cities along the line, drive the increase in real estate development investment and foreign direct investment, and further deepen the impact of high-speed rail construction on urban GDP.