The Impact of High-Speed Rail on Economic Development: A County-Level Analysis

Fangting Chi and Haoying Han ()
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Fangting Chi: College of Civil Engineering and Architecture, Zhejiang University, Hangzhou 310058, China
Haoying Han: College of Civil Engineering and Architecture, Zhejiang University, Hangzhou 310058, China

Land, 2023, vol. 12, issue 4, 1-22

Abstract: High-speed rail has an important impact on the location choices of enterprises and the labor force, which is reflected in a complex space–time process. Previous studies have been unable to show the change characteristics between enterprises and the labor force at the county level. Therefore, based on the new economic geography theory, we first constructed a theoretical analysis framework to explore high-speed railway’s impact on county economy development and then obtained the two economic subdivision factors’ impacts: industrial enterprises and secondary labor force. Then, based on the panel data of 1791 county units in China from 2003 to 2019, the study constructed a multi-period PSM-DID model to empirically explore high-speed rail’s impact on the county’s agglomeration of industrial enterprises and secondary labor force. The results show that high-speed rail has a long-term negative effect on the county area’s agglomeration of industrial enterprises. From the perspective of the labor force, high-speed rail has a long-term and continuous positive effect on the agglomeration of the secondary labor force in county units.

Keywords: high-speed rail; county territory; PSM-DID; industry; secondary labor force (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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