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Regional economic growth and the role of high-speed rail in China |
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| Authors: | Shujie Yao Fan Zhang Jinghua Ou |
| Affiliation: | 1. School of Economics and Business Administration, Chongqing University, Chongqing, China;2. South China University of Agriculture, Guangzhou, China;3. University of Nottingham, Ningbo, China |
| Abstract: | Rapid development of High-speed railways (HSR) in China has attracted serious research interest. This paper proposes an endogenous economic growth model to explain how and why HSR may lead to faster economic growth and regional convergence in China using data from 285 cities in 2010–2014. TSLS estimation suggests that HSR has a powerful impact on urban economic growth and regional convergence. It suggests that HSR was a potent driver responsible for the sustainable and steady economic expansion of the Chinese regions in the aftermath of the world financial crisis. |
| Keywords: | High-speed railways economic growth regional convergence China |