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The Impact of High-speed Rail Opening on the Spatial Agglomeration of High-end Service Industry

【Authors】
UAN Ye, LU Jing & YU Yongze
【WorkUnit】
Nanjing University of Finance and Economics, 210023.
【Abstract】

This paper studies the impact of high-speed rail opening on the spatial agglomeration of high-end service industry from the two dimensions of diversification and specialization. The conclusions are as follows: (1) From a national perspective, the opening of high-speed rail has a significant role in promoting diversification, but has no significant impact on specialized agglomeration, and there is a time lag in the effect of high-speed rail opening. (2) By region, the promotion of diversified agglomeration by highspeed rail is mainly manifested in the eastern region. In the central and western regions, due to the low number of high-speed rail lines and the late opening of high-speed rail, coupled with the time lag, the effect of high-speed rail opening was not significantly expressed until the end of the observation period. (3) The opening of high-speed rail will affect the spatial agglomeration of high-end service industry by improving location accessibility, reducing transaction costs and improving regional factor abundance.

JEL:R38, L23, O14

【KeyWords】
High-speed Rail Opening, High-end Service Industry, Specialized Agglomeration, Diversified Agglomeration, Difference-in-difference