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.
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收藏
页数：10
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