Railway speedup and firms’ total factor productivity

Song Yue and Sha Nan

Economics Letters, 2019, vol. 178, issue C, 21-23

Abstract: In the last decade, China’s HSR construction has caused railway network speedup and we provide evidence that China’s railway speedup increases firm TFP. In railway network, cities’ connectedness with nearest metropolis is positively related to local firms’ TFP. We find that this positive relationship holds in both provincial capital cities subsample and ordinary prefecture-level cities subsample. Our result also suggests that railway speedup can impact on cities that are in medium distance from metropolises, which is consistent with our travelling experience.

Keywords: Infrastructure; High-speed railway; Total factor productivity (search for similar items in EconPapers)
JEL-codes: H54 O18 R11 R41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:178:y:2019:i:c:p:21-23

DOI: 10.1016/j.econlet.2019.01.015

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