Green Growth Effects of High-Speed Rail in China: The Role of Industrial Transformation

Yantuan Yu, Lulu Han, Jie Wu, Weidong Zhao and Yun Zhang

Emerging Markets Finance and Trade, 2022, vol. 58, issue 3, 668-680

Abstract: This paper presents the first empirical attempt to examine the impacts of high-speed rail (HSR) and industrial transformation on China’s ecological efficiency (EE), using a data set of 251 cities during 2003–2016. Results show that instituting HSR is beneficial to green growth; a one-point increase in HSR leads to approximately 2% growth in EE. The potential mechanism test indicates that HSR significantly improved EE through industrial transformation, and did so economically. We also found that HSR strengthened impacts of static and dynamic industrial transformation on EE. However, the productivity growth effect of HSR was not statistically significant.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:58:y:2022:i:3:p:668-680

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DOI: 10.1080/1540496X.2020.1833856

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