High-speed railway and tourism development in China

2021 ◽  
pp. 135481662199852
Author(s):  
Shujie Yao ◽  
Xu Yan ◽  
Chun Kwok Lei ◽  
Feng Wang
Keyword(s):  
High Speed ◽  
Tourism Development ◽  
Policy Implications ◽  
Control Group ◽  
Difference In Differences ◽  
Transportation Mode ◽  
High Speed Railway ◽  
Model Cities ◽  
Large Panel ◽  
Research Findings

High-speed railway (HSR) is a new and increasingly popular transportation mode in China bringing about a significant impact on the economy, including tourism development. This article investigates the effect of HSR on tourism development in China based on a time-varying difference-in-differences model. Cities connected by HSR in 2013 and 2014 are regarded as the treatment group, while those without HSR services until 2017 are placed in the control group. The empirical analyses cover a large panel dataset comprising 163 cities in 2009–2017. The empirical results suggest that both domestic tourism revenue and tourist number are positively affected by HSR, and the effect is stronger for the undeveloped or geopolitically less important regions such as the inland or prefecture-level cities. Other relevant determinants of tourism include the availability of airports and the number of hotels in the cities. Our research findings have important policy implications for tourism development in China with respect to HSR.

scholarly journals Study on the impact of the Beijing–Shanghai high-speed railway on regional economic equity based on economic performance

2021 ◽  
Author(s):  
Heng Yang ◽  
Qiong Tong ◽  
Pan Zhao
Keyword(s):  
High Speed ◽  
Optimal Allocation ◽  
Research Result ◽  
Difference In Differences ◽  
High Speed Railway ◽  
Regional Economic ◽  
Big Cities ◽  
The Difference ◽  
The Impact ◽  
Economic Equity

AbstractAccording to the panel data of stations along the Beijing–Shanghai high-speed railway (BSHR) from 2008 to 2018, the influence of BSHR on regional economy of cities along the line is analyzed, and the influence of the opening of the BSHR on regional economic equity of cities along the line, through constructing the difference-in-differences model. The research result shows that the opening of the BSHR greatly promotes the growth of the GDP per capita of the site cities along the line and the optimal allocation of resources, such as labor, information and technology, and accelerates the two-way flow of factors of production between big cities and small and medium-sized cities at stations along the high-speed railway, makes high-quality resources from small and medium-sized cities flow to big cities along the line, while some backward resources from big cities gradually tilt toward small- and medium-sized cities along the line. In short, the opening of BSHR promotes the economic growth of the cities along the line, shortens the economic gap between the cities, is conducive to realizing regional economic equity.

Research on the Dominate Transport Distance of High-Speed Railway

2014 ◽  
Vol 644-650 ◽  
pp. 2623-2626
Author(s):  
Hai Tao Ma ◽  
Xiao Ning Zhu ◽  
Liu Jiang Kang
Keyword(s):  
Numerical Experiment ◽  
Low Power ◽  
High Speed ◽  
Transportation Mode ◽  
High Speed Railway ◽  
Time Value ◽  
Transport Distance ◽  
Distance Model

High-speed railway is recognized as a fast, safe, comfortable, low-power, and large volumes of new transportation mode. This paper proposes a dominate transport distance model with the consideration of origin-destination distance, travelling purpose, income, time value and transport preference. A numerical experiment indicates that km is the most attractive distance for the high-speed railway. In km, the air plane occupies most passenger market. The high-speed railway has no advantage when the distance is longer than 1600 km.

scholarly journals The role of intangible assets and liabilities in firm performance: empirical evidence

2018 ◽  
Vol 19 (1) ◽  
pp. 42-59 ◽  
Author(s):  
Abdifatah Ahmed Haji ◽  
Nazli Anum Mohd Ghazali
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Intangible Assets ◽  
Policy Implications ◽  
Corporate Financial Performance ◽  
Control Group ◽  
Single Measure ◽  
Content Type ◽  
Research Findings

Purpose The purpose of this paper is primarily to explore the extent of intangible assets and liabilities of large Malaysian companies. The authors also examine whether intangible assets and liabilities of a firm have similar or contrasting roles in firm performance. Design/methodology/approach Using a direct and straightforward measure of intangible assets and liabilities, the authors examine a large pool of data from large Malaysian companies over a six-year period spanning from 2008 to 2013. Findings The longitudinal analyses show a significant number of the sample companies, between 34 and 59.33 percent, have a consistent pattern of intangible liabilities. The authors also find firms with intangible liabilities have significantly underperformed financially than a control group of firms. In addition, the authors find that intangible liabilities have significant negative impact on firm performance whereas intangible assets have a contrasting positive impact on firm performance. Research limitations/implications One limitation of this study is that the authors have only used a single measure of intangible assets and liabilities. Albeit the measures used are straightforward and more objective, there could be other measures to capture intangibles. Practical implications The research findings have several theoretical as well as policy implications. Theoretically, the authors extend the resource-based view to the intangible asset-liability mix, affirming the crucial role of intangible resources in financial performance whilst introducing the unfavorable role of intangible liabilities in corporate financial performance. In terms of policy implications, the research findings provide initial empirical input to emerging calls for broader perspectives of intangibles, beyond intangible assets to include intangible liabilities, and therefore belong to an emerging paradigm toward the nature of intangibles. Originality/value This study documents a rare empirical account of the contrasting roles of intangible assets and liabilities in corporate financial performance.

The impact of high-speed trains on regional tourism economies

2017 ◽  
Vol 24 (2) ◽  
pp. 187-203 ◽  
Author(s):  
Zhou Bo ◽  
Li Ningqiao
Keyword(s):  
High Speed ◽  
Tourism Development ◽  
Dispersion Effect ◽  
Difference In Differences ◽  
Regional Tourism ◽  
High Speed Trains ◽  
Lagged Effects ◽  
Tourism Economy ◽  
The Impact ◽  
Tourism Revenue

This article uses city-level panel data and difference-in-differences (DID) models to evaluate how China Railway High-speed (CRH) train accessibility impacts regional tourism economies in China. On average, CRH accessibility positively affects regional tourism economies, reflected in a 12% net increase in tourism revenue for a region. By dividing the database into different subsets, this study demonstrates that the significantly positive impacts only occur for regions where the overall level of accessibility is low. Moreover, this study reveals that among regions connected by CRH networks, the regions of which the levels of tourism development are comparatively low will experience a bigger jump in tourism economy than the regions of which the levels of tourism development are already high, and hence the dispersion effect of CRH networks is demonstrated. This study also concludes the lagged effects of CRH accessibility are much greater than its immediate effects. By virtue of these conclusions, this study suggests the ways for governments and tourism organizations to take advantage of the development of high-speed trains in China.

scholarly journals High-speed railway and regional economic growth: a case of Beijing-Shanghai high-speed railway

2019 ◽  
Vol 10 (2) ◽  
pp. 95-104
Author(s):  
Yonghong Chen
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
High Speed ◽  
Difference In Differences ◽  
High Speed Rail ◽  
High Speed Railway ◽  
Regional Economic ◽  
The Difference ◽  
The Impact ◽  
Development Course

Abstract The development course of high-speed railway indicates that it not only changes the composition of traffic modes when competing with other modes of transportation, but also plays an important role in spurring the economic growth of the cities along the line and the evolution of regional spatial structure. Taking Beijing-Shanghai high-speed railway as an example, this paper constructs the first-level panel data of the cities along the Beijing-Shanghai high-speed railway and its surrounding cities from 2007 to 2016, and uses the difference-in-differences estimation to study the impact of high-speed rail opening on economic development. The research results show that it has significantly jump-started the economy of cities along the line. The Beijing-Shanghai high-speed railway will become a crucial axis for regional economic development along the Beijing-Shanghai railway, as it has remarkably advanced the economic development of the cities along the route.

Assessment of the use of fiberglass-reinforced foam concrete in high-speed railway bridge approach involving foundation cost comparison

2019 ◽  
Vol 23 (2) ◽  
pp. 388-396
Author(s):  
Kai-Wen Liu ◽  
Fei Yue ◽  
Qian Su ◽  
Chuanbin Zhou ◽  
Zhipeng Xiong ◽  
...  
Keyword(s):  
Treatment Cost ◽  
High Speed ◽  
Ground Surface ◽  
Cost Comparison ◽  
Control Group ◽  
Railway Bridge ◽  
Foam Concrete ◽  
High Speed Railway ◽  
Foundation Treatment ◽  
Bridge Approach

In view of the limited use of foam concrete for backfilling high-speed railway bridge approach and no publication considering the associated foundation treatment cost, this article presents a series of laboratory tests to study the mechanical properties of fiberglass-reinforced foam concrete with different contents of fiberglass, whereby the optimal values of target density and fiberglass content for fiberglass-reinforced foam concrete are obtained. A numerical model is developed to investigate the performance of bridge approach filled with fiberglass-reinforced foam concrete under different levels of foundation treatment in comparison with the control group with traditional backfills (combination of graded crushed stone and cement). Results indicate that the application of fiberglass-reinforced foam concrete to fill high-speed railway bridge approach can significantly improve the bridge approach performance (decreasing the horizontal displacement and ground surface settlement, respectively, by 58% and 21% than the control group) and cut down the foundation treatment cost by 19% concurrently.

Does Transportation Time Affect Corporate Financialization----Based on the Quasi-natural Experiment on High-Speed Railway Opening

2021 ◽  
Vol 7 (6) ◽  
pp. 6196-6206
Author(s):  
Cai Wei ◽  
Li Xiangyi ◽  
Ma Quanjun ◽  
Wei Yuanying
Keyword(s):  
Economic Development ◽  
High Speed ◽  
Natural Experiment ◽  
Listed Companies ◽  
Corporate Ownership ◽  
Regional Heterogeneity ◽  
High Speed Railway ◽  
Transportation Time ◽  
Research Findings ◽  
A Share

Objectives: The construction of high-speed railway (HSR) in China has developed rapidly in recent years, and the opening of high-speed railway has had a significant impact on the economic development of the region and has profoundly affected the development of regional enterprises. Based on the data of Chinese A-share listed companies from year 2004 to 2017, this paper examines whether the opening of high-speed railway has an impact on the degree of financialization of corporates. The results show that the opening of high-speed railway significantly boosts the financialization level of enterprises, and this effect is most obvious two years after the opening of high-speed railway, with significant regional heterogeneity and corporate ownership heterogeneity, and mainly occurs in high financing constrained enterprises and low technology enterprises. Finally, the paper proposes corresponding countermeasures in response to the research findings.

Consumer issues: Research findings and policy implications

1972 ◽  
Author(s):  
Harold H. Kassarjian ◽  
John G. Myers ◽  
Monroe P. Friedman ◽  
Rudolph G. Mortimer ◽  
Helen E. Nelson ◽  
...  
Keyword(s):  
Policy Implications ◽  
Research Findings
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