High-speed railway opening and urban green productivity in the post-COVID-19: Evidence from green finance

Qunxi Kong, Chenrong Shen, Rongrong Li and Zoey Wong

Global Finance Journal, 2021, vol. 49, issue C

Abstract: In an era during which the COVID-19 pandemic continues to spread, high-speed railway (HSR), as one of the key influencers of urban green development, has a significant impact on urban green finance and green productivity. This paper uses HSR as a quasi-natural experiment to study the effect of HSR openings on green productivity in Chinese cities. The empirical results show that, first, the opening of HSR is conducive to the sustained improvement of green productivity in Chinese cities. Second, the opening of HSR makes a significant contribution to the improvement of green productivity in large-scale cities as well as cities in the east and central regions. Third, the opening of HSR can positively impact urban green productivity through the mechanism of green finance development. However, this positive impact tends to first increase and then decrease over time. As the relationship between “finance” and “environment,” green finance has an important impact on the green development of cities. These findings will provide positive and useful references for cities to formulate reasonable green development plans in the post-COVID-19 era.

Keywords: HSR; Green total factor productivity; Green finance; Urban development; Quasi-natural experiments (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1044028321000430
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:49:y:2021:i:c:s1044028321000430

DOI: 10.1016/j.gfj.2021.100645

Access Statistics for this article

Global Finance Journal is currently edited by Manuchehr Shahrokhi

More articles in Global Finance Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().