Impact of transportation infrastructure upgrading on the rapid development of regional economy: A quasi-natural experiment based on the opening of high-speed railway

Jianqiang Zhao, Yan Guo and Chunxue Bi

Finance Research Letters, 2025, vol. 78, issue C

Abstract: Using data spanning from 2004 to 2022 from urban centers across China, this study examines the relationship between high-speed railway (HSR) openings and regional economic advancement. Findings indicate that the deployment of HSRs markedly enhances regional economic growth. Mechanism analysis suggests that tourism development acts as a mediating factor between HSR openings and high-quality regional economic growth. Furthermore, this study identifies a moderating effect, demonstrating that local economic conditions can magnify the beneficial impact of HSR on regional economic advancement, with variations observed throughout China's eastern, central, and western regions.

Keywords: High-speed railway openings; Tourism development; Regional economic advancement (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:78:y:2025:i:c:s154461232500488x

DOI: 10.1016/j.frl.2025.107225

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