2021
DOI: 10.1155/2021/6727793
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Analysis of the Impact of High-Speed Railway on County Economic Development Based on the Synthetic Control Method: The Hubei Province in China

Abstract: Studying the impact of the high-speed railway (HSR) on economic growth has important practical significance and can provide a theoretical basis for government investment in infrastructure. In this study, the adoption of HSR was used for natural and rigorous exploration. Based on the panel data on counties in Hubei Province of China from 2001 to 2017, a synthetic control method was used to analyse the impact of HSR on the economic growth of county-level areas with different economic bases. The results showed th… Show more

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Cited by 5 publications
(4 citation statements)
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References 22 publications
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“…That is, interurban railway transportation could induce land use change in sub-urban areas [13]. This situation also supports the proposition that a railway transport system plays a crucial role in regional economic development and creates a domino effect on other economic activities [14], impacts economic growth [15], local economy [16], promotes regional economic development and socio-economic of communities residing in areas connected to railway system [17].…”
Section: Introductionsupporting
confidence: 63%
“…That is, interurban railway transportation could induce land use change in sub-urban areas [13]. This situation also supports the proposition that a railway transport system plays a crucial role in regional economic development and creates a domino effect on other economic activities [14], impacts economic growth [15], local economy [16], promotes regional economic development and socio-economic of communities residing in areas connected to railway system [17].…”
Section: Introductionsupporting
confidence: 63%
“…Следует отметить, что значительное число китайских исследователей (Li et al, 2018;Liang et al, 2020;Yu et al, 2021) подчеркивают особенную важность развития высокоскоростных железных дорог, которые обеспечивают новый виток социально-экономического развития Китая. Например, в работе (Wan et al, 2019) на основании корреляционного анализа между ВВП Чжэнчжоу и пассажирооборотом, а также добавленной стоимостью высокотехнологичной промышленности, пассажирооборотом и грузооборотом за 2007-2017 гг.…”
Section: обзор литературыunclassified
“…Результаты, представленные в работах (Ansar et al, 2016;Yu et al, 2021;Duranton, Turner, 2012;Cascetta et al, 2020;Meng et al, 2018), свидетельствуют о том, что экономический рост может способствовать развитию железнодорожной инфраструктуры, а развитие железных дорог, в свою очередь, также может обуславливать экономический прогресс.…”
Section: обзор литературыunclassified
“…For example, Lai used the Granger causality test model to analyze the causal relationship between the opening of HSR and the regional economic aggregate, and on this basis, he explored the impact of the opening of HSR on industrial structure and three industries, taking the Wuhan-Guangzhou HSR as an example for empirical testing [10]. Yu et al used a synthetic control method to analyze the impact of the HSR on the economic growth of county-level regions with different economic bases, and the research results showed that the Wuhan-Guangzhou HSR opening has had a significant effect on the economic growth of Chibi City, which has a good economic foundation [11]. Based on the above background, on the basis of the existing research, this paper chose the Wuhan-Guangzhou HSR as an example to discuss the impact of the opening of HSR on regional economic growth.…”
Section: Introductionmentioning
confidence: 99%