The Effect of the Opening of High-Speed Railway on the Economic Growth of Heilongjiang

Jianing Gao, Fei Qi (), Siyuan Qin and Jiaqi Wang
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Jianing Gao: Xian International Studies University, School of Economics and Finance
Fei Qi: Beijing Huijia Private School
Siyuan Qin: Shanghai International High School of Banz
Jiaqi Wang: Central University of Finance and Economics, China Economics and Management Academy

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 860-870 from Springer

Abstract: Abstract The positive and negative effects of high-speed railway in different regions have attracted close attention and have been highly valued against the background of population and factor mobility promoted by its fast development. This paper makes use of the DID difference-in-difference model in order to analyse the economic impacts bring by the high-speed railway on different areas in Heilongjiang province as well as on agricultural, manufacturing, and service industries between 2010 and 2020. This article aims to compare and demonstrate the different effects of the application of High-speed rail in numerous regions in Heilongjiang, the text also put forward the suggestion to Heilongjiang province high-speed railway economic development. Researches show that although the application of high-speed rail brought some positive impacts to the economy, there has been a significant negative effect on the overall economic growth of cities in Heilongjiang. The main problem lies in the obvious influence of siphonic effect and spill over effect on different tiered cities.

Keywords: High-speed railway; The tourism industry; Economy; Difference-in-differences model (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-052-7_98

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DOI: 10.2991/978-94-6463-052-7_98

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