The impact of high-speed rail network on high-end service industry development: Evidence from the Yangtze River Delta, China

IF 4.1 2区工程技术 Q2 BUSINESS

Research in Transportation Business and Management Pub Date : 2024-11-30 DOI:10.1016/j.rtbm.2024.101253

Sanwei He , Ling Mei , Shan Yu , Shaochun Huang , Lei Wang

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Abstract

Amidst the rapid evolution of transportation infrastructure, high-speed rail emerges as a transformative force reshaping regional economies. This study addresses a critical research gap by exploring the influence of HSR on high-end service industries within China's dynamic Yangtze River Delta region. Recognizing the strategic importance of HSR in contemporary economic landscapes, the research delves into its role as a catalyst for industrial growth, particularly in sectors pivotal for knowledge-intensive high-end service industry. Using Social Network Analysis and fixed effect models, the study assesses the multifaceted impacts of HSR network accessibility and connectivity on key sectors like scientific research, financial services, business services, and information transmission. Findings indicate a significant positive influence on most sectors, although nuances emerge in financial services, highlighting the complex interplay between HSR and sector-specific dynamics. The study further reveals distinct effects across various urban sizes and locations, pointing to an urban-centric advantage in HSR's economic impacts. By identifying market demand, technology spillover, and labor pooling as principal channels of HSR's influence, this research contributes to the understanding of how modern transportation infrastructures can be leveraged for regional economic integration and sectoral development. While focusing on the YRD, the study's insights offer a broader reflection on the strategic planning of HSR in similar global contexts.

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高铁网络对高端服务业发展的影响——来自中国长三角的证据

在交通基础设施快速发展的背景下，高速铁路成为重塑区域经济的变革力量。本研究通过探索高铁对中国充满活力的长三角地区高端服务业的影响，填补了一个关键的研究空白。认识到高铁在当代经济格局中的战略重要性，该研究深入探讨了高铁作为工业增长催化剂的作用，特别是在知识密集型高端服务业的关键部门。利用社会网络分析和固定效应模型，本研究评估了高铁网络可达性和连通性对科研、金融服务、商业服务和信息传播等关键部门的多方面影响。研究结果表明，高铁对大多数行业产生了显著的积极影响，但金融服务业出现了细微差别，突显出高铁与行业特定动态之间复杂的相互作用。该研究进一步揭示了不同城市规模和位置的明显影响，指出高铁的经济影响具有以城市为中心的优势。通过确定市场需求、技术溢出和劳动力汇集是高铁影响的主要渠道，本研究有助于理解如何利用现代交通基础设施促进区域经济一体化和部门发展。在聚焦长三角的同时，该研究的见解为类似全球背景下的高铁战略规划提供了更广泛的反思。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Transportation Business and Management Multiple-

CiteScore

7.10

自引率

8.30%

发文量

175

期刊介绍： Research in Transportation Business & Management (RTBM) will publish research on international aspects of transport management such as business strategy, communication, sustainability, finance, human resource management, law, logistics, marketing, franchising, privatisation and commercialisation. Research in Transportation Business & Management welcomes proposals for themed volumes from scholars in management, in relation to all modes of transport. Issues should be cross-disciplinary for one mode or single-disciplinary for all modes. We are keen to receive proposals that combine and integrate theories and concepts that are taken from or can be traced to origins in different disciplines or lessons learned from different modes and approaches to the topic. By facilitating the development of interdisciplinary or intermodal concepts, theories and ideas, and by synthesizing these for the journal''s audience, we seek to contribute to both scholarly advancement of knowledge and the state of managerial practice. Potential volume themes include: -Sustainability and Transportation Management- Transport Management and the Reduction of Transport''s Carbon Footprint- Marketing Transport/Branding Transportation- Benchmarking, Performance Measurement and Best Practices in Transport Operations- Franchising, Concessions and Alternate Governance Mechanisms for Transport Organisations- Logistics and the Integration of Transportation into Freight Supply Chains- Risk Management (or Asset Management or Transportation Finance or ...): Lessons from Multiple Modes- Engaging the Stakeholder in Transportation Governance- Reliability in the Freight Sector