High-speed Railway’s Opening and Commercial Development: A Test Perspective of Multi-period Difference-in-difference

DOI

10.2991/aebmr.k.210803.057How to use a DOI?

Keywords

High-speed railway’s opening, Commercial development, Aggregate effect, Multi-period difference-in-difference method, Moderating variables

Abstract

The high-speed railway’s opening will bring huge consumer groups for the commercial development of the city where the high-speed railway station is located. Based on the panel data of 233 prefecture-level cities in China from 2006-2017, this paper explores the impact of the high-speed railway’s opening on local commercial development and its internal mechanism by using multi-period difference-in-difference method. It is found that the high-speed railway’s opening significantly promotes the development of local commerce, especially in the third tier and lower cities; the higher the investment in local real estate development, the stronger the promotion effect of high-speed railway on local commerce. This paper shows that policymaker should do a good job in supporting commercial operation facilities, guide high-speed rail groups to expand consumption and dialectically understand the rationality of real estate development.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Danqi Li
AU  - Ling Dai
AU  - Siying Gong
PY  - 2021
DA  - 2021/08/04
TI  - High-speed Railway’s Opening and Commercial Development: A Test Perspective of Multi-period Difference-in-difference
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 423
EP  - 431
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.057
DO  - 10.2991/aebmr.k.210803.057
ID  - Li2021
ER  -