The Economic Diffusion Radius of High-Speed Railway Stations

被引：1

作者：

Liang, Fangzhi ^{[1
]}

Yao, Zhenye ^{[2
]}

Yang, Danqin ^{[3
]}

Xu, Hanwen ^{[4
]}

机构：

[1] Xiamen Univ, Sch Econ, Xiamen, Peoples R China

[2] Shandong Univ, Sch Management, Jinan, Peoples R China

[3] Nanjing Univ Sci & Technol, Sch Econ & Management, Nanjing, Peoples R China

[4] Nanjing Univ Finance & Econ, Sch Accountancy, Nanjing, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2023年 / 55卷

基金：

中国国家自然科学基金;

关键词：

High-speed railway; Economic diffusion radius; Backwash effect; Spatial DID; GEOGRAPHY; IMPACT;

D O I：

10.1016/j.frl.2023.104000

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We explore the economic diffusion radius of high-speed railway (HSR) stations. Using spatial differences-in-differences (DID) method, we find that the openings of HSR stations can promote companies' performance within 20 kms. We also observe a heterogeneity of the effect in different administrative divisions, with a positive impact on surrounding companies in the same city as the nearest station (the "Diffusion Effect"), and a negative impact on companies in neighboring city (the "Backwash Effect"). Our paper helps policy makers better utilize the infrastructure of HSR. Furthermore, the spatial DID method offers a new perspective to address endogeneity in HSR studies.

引用

页数：10

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