 Effect of high-speed rail on entrepreneurial activities: Evidence from ChinaMengsha Liu, Yan Jiang, Xiaokun Wei, Qingsong Ruan and Dayong Lv Socio-Economic Planning Sciences, 2023, vol. 87, issue PA Abstract: Utilizing the launching of the high-speed railway network (HSR) in China as a quasi-natural shock, this paper examines the impact of the HSR connection on entrepreneurial activities in peripheral cities. We find that peripheral cities experience a reduction in the number of newly-registered firms after being connected to the HSR network, suggesting that the HSR network is disruptive to entrepreneurial activities in peripheral cities. In addition, the decrease in entrepreneurial activities can be explained by outflows in capital and high-skilled labor caused by HSR. Moreover, the adverse effect of HSR network is more pronounced for service sectors, peripheral cities closer to central cities, and peripheral cities in eastern or middle regions. Our work complements related studies on the consequences of the HSR network and has important implications for spurring entrepreneurial activities and economic growth. Keywords: HSR network; Entrepreneurial activities; Core-periphery; Factor flow; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:87:y:2023:i:pa:s0038012123000381 DOI: 10.1016/j.seps.2023.101538 Access Statistics for this article Socio-Economic Planning Sciences is currently edited by Barnett R. Parker More articles in Socio-Economic Planning Sciences from Elsevier |
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