Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China
Numerous studies have revealed that high-speed railways (HSRs) can efficiently reduce transportation costs for firms and therefore bring more business capacities to firms in regions with HSR services. This paper aims to adopt the difference-in-difference (DID) and PSM (propensity score matching) DID...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2024-12-01
|
| Series: | Regional Studies, Regional Science |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/21681376.2024.2305946 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1846114503431815168 |
|---|---|
| author | Nuo Jin |
| author_facet | Nuo Jin |
| author_sort | Nuo Jin |
| collection | DOAJ |
| description | Numerous studies have revealed that high-speed railways (HSRs) can efficiently reduce transportation costs for firms and therefore bring more business capacities to firms in regions with HSR services. This paper aims to adopt the difference-in-difference (DID) and PSM (propensity score matching) DID methods to examine the HSR’s causal effects on business costs. The author finds that business costs are significantly reduced due to the operation of HSR lines. Besides, private firms and firms in the secondary and tertiary sectors would experience more reductions of business costs encouraged by the HSR than state-owned and agricultural firms. The placebo test and parallel trend test have proved the feasibility of this study. Finally, this paper provides policy suggestions that the construction of HSR lines needs to be encouraged in order to promote the higher efficiency of business operations for firms and more-balanced spatial business developments in China. |
| format | Article |
| id | doaj-art-2d3c00ba8fec45c2b9f2bce773e3b92c |
| institution | Kabale University |
| issn | 2168-1376 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Regional Studies, Regional Science |
| spelling | doaj-art-2d3c00ba8fec45c2b9f2bce773e3b92c2024-12-20T09:37:14ZengTaylor & Francis GroupRegional Studies, Regional Science2168-13762024-12-01111223710.1080/21681376.2024.2305946Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from ChinaNuo Jin0Cardiff Business School, Cardiff University, Cardiff, UKNumerous studies have revealed that high-speed railways (HSRs) can efficiently reduce transportation costs for firms and therefore bring more business capacities to firms in regions with HSR services. This paper aims to adopt the difference-in-difference (DID) and PSM (propensity score matching) DID methods to examine the HSR’s causal effects on business costs. The author finds that business costs are significantly reduced due to the operation of HSR lines. Besides, private firms and firms in the secondary and tertiary sectors would experience more reductions of business costs encouraged by the HSR than state-owned and agricultural firms. The placebo test and parallel trend test have proved the feasibility of this study. Finally, this paper provides policy suggestions that the construction of HSR lines needs to be encouraged in order to promote the higher efficiency of business operations for firms and more-balanced spatial business developments in China.https://www.tandfonline.com/doi/10.1080/21681376.2024.2305946High-speed railwaysbusiness costsPSM-DIDChinaM21M20 |
| spellingShingle | Nuo Jin Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China Regional Studies, Regional Science High-speed railways business costs PSM-DID China M21 M20 |
| title | Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China |
| title_full | Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China |
| title_fullStr | Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China |
| title_full_unstemmed | Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China |
| title_short | Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China |
| title_sort | analysing firm level impacts of high speed railways on reducing business costs evidence from china |
| topic | High-speed railways business costs PSM-DID China M21 M20 |
| url | https://www.tandfonline.com/doi/10.1080/21681376.2024.2305946 |
| work_keys_str_mv | AT nuojin analysingfirmlevelimpactsofhighspeedrailwaysonreducingbusinesscostsevidencefromchina |