High‐speed railway to success? The effects of high‐speed rail connection on regional economic development in China
研究发现中国高铁连接导致周边非中心城市的人均GDP下降，原因是资本投入减少、工业产出下降和技能劳动力外流，凸显了人员运输成本的重要性。
Abstract We find that high‐speed railway connection in China has led to a reduction in GDP per capita for connected peripheral prefectures. We use the least‐cost path‐spanning tree network to address the nonrandom route placement issue. We find that the reduction of GDP per capita is driven by significant contractions in capital input, industrial output, and skilled labor outflow. We present evidence to support a trade‐based channel in light of falling transportation costs between peripheral and metropolitan regions. Our finding highlights the importance of the cost of human transport.