High-speed rail networks, economic integration and regional specialisation in China and Europe
By Yuk-shing Cheng, Becky P. Y. Loo, R. Vickerman. 2015
189 citations recorded by the source corpus.
The role of transport in the process of economic development and integration remains an area of controversy. Policy makers, faced with the claim that the cost of high-speed rail (HSR) makes it an expensive way of achieving the supposed benefits, seek to identify wider economic impacts through productivity gains as a justification. This paper explores the development of HSR as an instrument for promoting economic integration both through enhancing competitiveness and achieving greater economic cohesion in China and the European Union. The paper examines changes in accessibility and provides evidence on changes in specialisation for both main cities and their hinterlands. The evidence confirms that impacts differ widely and that the process of convergence and divergence differs at different stages of economic development.
Subfields: Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/4adeb7417d37e5c4cd0ee9a2ea30367761931a40
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In Economics and Econometrics
In Strategy and Management
Citations in the corpus
- Can transport infrastructure change regions’ economic fortunes? Some evidence from Europe and China (2017, background): “By comparing two regions, some further light has been shed at the more localized level on the trends noted in Cheng et al. (2015).”