The Opening of High-Speed Rail and Economic Growth: The Moderating Role of Government Efficiency and Innovation Environment

Mengmeng Su, Zijie Li, Yingying Su (), Mengmeng Chang and Yiding Liu
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Mengmeng Su: School of Business, University of International Business and Economics, Beijing 100029, China
Zijie Li: School of Business, University of International Business and Economics, Beijing 100029, China
Yingying Su: School of Management, Harbin Institute of Technology, Harbin 150006, China
Mengmeng Chang: School of Business, University of International Business and Economics, Beijing 100029, China
Yiding Liu: School of Business, University of International Business and Economics, Beijing 100029, China

Sustainability, 2024, vol. 16, issue 2, 1-18

Abstract: This paper selects the panel data of 297 cities in China from 2003 to 2017 and analyzes the effects of government efficiency and innovation environment on the relationship between high-speed rail opening and economic growth from the perspective of government competition pressure and information flow by using the approach of difference-in-differences (DID). The findings are as follows: first, the opening of high-speed rail has a significant promoting effect on regional economic growth; second, government efficiency has negative impact on the relationship between high-speed rail development and economic growth, while the innovation environment has positive impact on this relationship; third, the moderating effects of government efficiency and innovation environment exhibit regional heterogeneity. This paper provides a new perspective from the perspectives of government competition pressure and information flow for understanding the impact of high-speed rail on the economy, offering insights for promoting the coordinated and sustainable development of the Chinese economy.

Keywords: government efficiency; innovation environment; transport infrastructure; economic growth; high-speed railway (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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