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Article: High-speed rail and industrial movement: Evidence from China's Greater Bay Area

TitleHigh-speed rail and industrial movement: Evidence from China's Greater Bay Area
Authors
KeywordsHigh-speed rail
Industrial movement
China Greater Bay Area
Agglomeration economies
Firm location
Issue Date2021
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/tranpol
Citation
Transport Policy, 2021, v. 112, p. 22-31 How to Cite?
AbstractIn the context of location choice, firms face a trade-off between the increasing agglomeration benefits and the rising costs of doing business along the high-speed rail (HSR) corridors. This study examines the causal impact of the HSR extension on industrial movement patterns in China's Greater Bay Area (GBA). We analyze two firm-level datasets for the period 2007–2018 using the difference-in-differences method. We find that after the HSR extension, large-scale manufacturing firms exhibit a decentralization trend in the central GBA. We also find that the service sector shows a clustering pattern in the GBA. However, this pattern differs between the GBA and other regions, urban districts, and suburban counties, highlighting the redistribution effect of the HSR extension on industrial growth across regions. These findings have important implications for industrial policymaking, as they help decision-makers reflect on the potential industrial movement trend in relation to the impact of HSR expansion.
Persistent Identifierhttp://hdl.handle.net/10722/304845
ISSN
2023 Impact Factor: 6.3
2023 SCImago Journal Rankings: 1.742
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChang, Z-
dc.contributor.authorDiao, M-
dc.contributor.authorJing, K-
dc.contributor.authorLi, W-
dc.date.accessioned2021-10-05T02:36:02Z-
dc.date.available2021-10-05T02:36:02Z-
dc.date.issued2021-
dc.identifier.citationTransport Policy, 2021, v. 112, p. 22-31-
dc.identifier.issn0967-070X-
dc.identifier.urihttp://hdl.handle.net/10722/304845-
dc.description.abstractIn the context of location choice, firms face a trade-off between the increasing agglomeration benefits and the rising costs of doing business along the high-speed rail (HSR) corridors. This study examines the causal impact of the HSR extension on industrial movement patterns in China's Greater Bay Area (GBA). We analyze two firm-level datasets for the period 2007–2018 using the difference-in-differences method. We find that after the HSR extension, large-scale manufacturing firms exhibit a decentralization trend in the central GBA. We also find that the service sector shows a clustering pattern in the GBA. However, this pattern differs between the GBA and other regions, urban districts, and suburban counties, highlighting the redistribution effect of the HSR extension on industrial growth across regions. These findings have important implications for industrial policymaking, as they help decision-makers reflect on the potential industrial movement trend in relation to the impact of HSR expansion.-
dc.languageeng-
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/tranpol-
dc.relation.ispartofTransport Policy-
dc.subjectHigh-speed rail-
dc.subjectIndustrial movement-
dc.subjectChina Greater Bay Area-
dc.subjectAgglomeration economies-
dc.subjectFirm location-
dc.titleHigh-speed rail and industrial movement: Evidence from China's Greater Bay Area-
dc.typeArticle-
dc.identifier.emailLi, W: wfli@hku.hk-
dc.identifier.authorityLi, W=rp01507-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.tranpol.2021.08.013-
dc.identifier.scopuseid_2-s2.0-85113330461-
dc.identifier.hkuros325979-
dc.identifier.volume112-
dc.identifier.spage22-
dc.identifier.epage31-
dc.identifier.isiWOS:000698504900003-
dc.publisher.placeUnited Kingdom-

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