The spatial impact of high-speed rail on firm performance: The role of proximity to urban cores?

被引：2
|
作者：
Kuang, Chun [1 ]
Wei, Mengying [1 ]
Zhu, Wenyu [2 ,3 ]
机构：
[1] Univ Int Business & Econ, Sch Banking & Finance, Beijing, Peoples R China
[2] Renmin Univ China, China Financial Policy Res Ctr, Beijing, Peoples R China
[3] Renmin Univ China, Sch Finance, Beijing, Peoples R China
来源：
ECONOMICS LETTERS | 2023年 / 231卷
基金：
中国国家自然科学基金;
关键词：
High-speed rail; Firm performance; Regional development;
D O I：
10.1016/j.econlet.2023.111271
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the spatial impact of high-speed rail (HSR) connection on firm performance in China at the micro level using a unique administrative dataset. Connected firms benefit from agglomeration economies and improved market access, but the redistribution of production inputs towards urban cores may have a negative impact on firms in peripheral regions. If these opposing forces are both subject to spatial decay but at different rates, proximity to urban cores could play a crucial role in determining the overall effects of HSR connection on firms. We find that connected firms located farther from urban cores benefit the most, indicating a steeper spatial decay in the redistribution effect relative to the agglomeration effect. This research enhances our understanding of the micro-level spatial impact of HSR on regional development.
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收藏
页数：7
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