This paper analyzes the impact of high-speed train construction on enterprise innovation and its specific mechanisms by establishing high-speed train-city-firm level panel data and constructing a multi-period DID model in China. The results show that, firstly, the construction of a high-speed...

We study the impact of transportation infrastructure construction on the degree of mixed-ownership reform of local state-owned enterprises. We find that the opening of high-speed rail can significantly promote the mixed ownership reform process of local state-owned enterprises. Mechanism testing...

This study employs a dynamic input-output model to simulate the recovery process of a high-speed railway and the subsequent regional economic recovery following an earthquake. The analysis considers the impact of earthquakes of varying magnitudes on Sichuan Province, its neighboring areas, and...

This paper introduces the concept of spillover tax revenues, which are also known as "indirect" or "secondary revenues," or "externality effects." Based on a case study of high-speed rail in Taipei,China, the spillover tax revenues are identified using the regional tax data through a DID...

This study investigates the association between the expansion of formal finance through the opening of high-speed railway (HSR) and the risk of private lending in China, using data from China Judgments Online. The study employs a difference-in-differences approach and reveals that the cities...

This paper investigates the impact opening of high-speed railways (HSR) on scientific research competitiveness using data from the National Natural Science Foundation of China (NSFC) research grants. We employ a difference-in-differences framework to estimate the causal effects of the treatment...

This report estimates the CO2 emissions of freight transport on a hypothetical high-speed rail (HSR) line along the northern route, from Lyon to Warsaw, of a 'European Silk Road' (ESR). Using a methodology consisting of predictions regarding the freight-carrying capacity of the future HSR, and...

Air travel and the associated greenhouse gas emissions have rapidly increased over the past decade. To contain this growth, many European countries have implemented passenger taxes on flight tickets. Meanwhile, some European countries have developed their High Speed Rail (HSR) network, which may...

A broad-scale rollout and adoption of new high-speed broadband networks and services, respectively, is expected to generate innovative services for consumers and create a high potential for productivity increases and economic growth. However, there is no evidence available on the causal impact...

Technological diversification and specialization have important roles in explaining volatility, innovation, income inequality, exports, and related concerns; however, the relationships between transportation improvement and technological diversification and specialization remains unexplored....

The purpose of this article is to create and calibrate a high-speed rail passenger traffic-based ranking model using historical high-speed rail ridership data from Spain. The existing literature is scarce, and the models used have several main issues, such as arbitrariness, and not representing...

Urban development thrives from technology inflows, which refers to the transfer of high-value technology from various cities to local recipients. The asymmetry of technical information-rooted in the tacit knowledge inherent in technology-mandates that technology transfer is heavily dependent on...

This paper explores the effect of the High-Speed Rail (HSR) network expansion on local innovation in China during the period 2008-2016. Using exogenous variation arising from using courier’s stations during the Ming dynasty as instrument, we find solid evidence that the opening of an HSR...

After Japan National Railways (JNR) was privatized into six regional railway corporations in 1987, two areas emerged with either a monopolistic or duopolistic industrial structure in high-speed rail (HSR) and the parallel conventional rail services. Using this variation in competitive pressure...

With the advent of ultra-high-speed public transportation, the need for more efficient arrangements of points of embarkation and disembarkation (“stops”) become a pressing necessity as such arrangements are established at the outset of a new system. To make the most of ultra-high-speed...

This paper is focused on high-speed railway planning and its general aim is to assess potential commuting behaviour change on the example of planned high-speed railway in Czechia. We used standard geographical methods based on census data from 2011 in relevant ten regional centres and two...

This article aims two EU member countries (i.e. Portugal and Germany) from different regions in Europe which have, for decades, been following common strategies regarding HSR development. The authors discuss the economic profitability vs. political aims, which were related to rail modernization....

The aim of the paper is to determine how fast the HSR connection in conjunction with public transport between Brno and Prague should be in order to be time-competitive with car use. Brno and Prague are the largest agglomerations in Czechia and, according to the Czech government's plan, the first...

This paper explores the impact of China’s high-speed rail network on reducing local bias and fostering capital market integration. Our research reveals that the implementation of high-speed rail in a city decreases the return comovement of its local stocks, but increases its return comovement...

The focus of this study is to assess the causal impact of the connection of a local area to a high-speed rail network (HSR) on firms' total factor productivity (TFP). The quasi-random location of the HSR station in the Italian city of Reggio Emilia is exploited in a Difference-in Differences...

This paper examines the spatial impact of high-speed rail (HSR) connection on firm performance in China at the micro level using a unique administrative dataset. Connected firms benefit from agglomeration economies and improved market access, but the redistribution of production inputs towards...

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 enterprises’ performance within 20 kilometers. We also observe a heterogeneity of the effect in different...

In a high-speed railway (HSR) corridor, diverse train services are provided by railway companies. These different trains’ features own various attributes (e.g., departure time, running speed, and fare) being the basis and focus for passengers deciding their travel. Besides, passenger’s...

Using China's expansion of the high-speed rail system (HSR) as a quasi-natural experiment, we analyze the comprehensive vehicle registration data from 2010 to 2023 to estimate the causal impact of HSR connectivity on the adoption of electric vehicles (EVs). Implementing several identification...

High-speed railways (HSRs) greatly decrease transportation costs and facilitate the movement of goods, services, and passengers across cities. In the context of the Covid-19 pandemic, however, HSRs may contribute to the cross-regional spread of the new coronavirus. This paper evaluates the role...

The social costs of pollution and climate change hinge critically on humans’ ability to adapt. Based on transaction records from the world’s largest payment network, this research compiles daily travel flows and documents that China’s rapid expansion of high-speed railways (HSR)...

This paper explores the effect of the High Speed Rail (HSR) network expansion on local innovation in China during the period 2008-2016. Using exogenous variation arising from a novel instrument - courier’s stations during the Ming dynasty, we find solid evidence that the opening of a HSR...

This paper investigates whether and how high-speed rail (HSR) construction affects local bank performance. Using the difference-in-difference method, we find that the city commercial banks (CCBs) significantly experience an overall decrease in ROA after HSR is introduced in the headquarters...

In a study published in 2018 the Vienna Institute for International Economic Studies (wiiw) proposed the construction of a 'European Silk Road' encompassing a high-speed railway (HSR) network for Europe. To compliment the economic feasibility analysis by wiiw, this report aims to determine the...

The causal relationship between high-speed rails (HSRs) ,which boasts the world’s largest high-speed rail network from 2001 to 2018. and economic growth was empirically examined in this paper. In the empirical analysis of this paper, satellite data on nighttime lights were employed as an...