{"title":"机场开放对城市金融发展的影响:来自中国的证据","authors":"Meng Hou , Puxuan Jing , Di Ke , Hangjun Yang","doi":"10.1016/j.tranpol.2025.103775","DOIUrl":null,"url":null,"abstract":"<div><div>Airports play a vital role in connecting regions and promoting economic activities, particularly in stimulating urban financial development. To examine the relationship between airport opening and urban financial development, this study employs a time-varying difference-in-differences (DID) model to conduct an empirical analysis of panel data from 277 cities in China, covering the period from 2010 to 2019. Our findings reveal that airport opening significantly promotes urban financial development, primarily by accelerating capital flow and increasing wage rates. This positive effect is especially pronounced in the eastern and western regions of China.</div></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":"172 ","pages":"Article 103775"},"PeriodicalIF":6.3000,"publicationDate":"2025-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The impact of airport opening on urban financial development: Evidence from China\",\"authors\":\"Meng Hou , Puxuan Jing , Di Ke , Hangjun Yang\",\"doi\":\"10.1016/j.tranpol.2025.103775\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Airports play a vital role in connecting regions and promoting economic activities, particularly in stimulating urban financial development. To examine the relationship between airport opening and urban financial development, this study employs a time-varying difference-in-differences (DID) model to conduct an empirical analysis of panel data from 277 cities in China, covering the period from 2010 to 2019. Our findings reveal that airport opening significantly promotes urban financial development, primarily by accelerating capital flow and increasing wage rates. This positive effect is especially pronounced in the eastern and western regions of China.</div></div>\",\"PeriodicalId\":48378,\"journal\":{\"name\":\"Transport Policy\",\"volume\":\"172 \",\"pages\":\"Article 103775\"},\"PeriodicalIF\":6.3000,\"publicationDate\":\"2025-08-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Transport Policy\",\"FirstCategoryId\":\"5\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0967070X2500318X\",\"RegionNum\":2,\"RegionCategory\":\"工程技术\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transport Policy","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0967070X2500318X","RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
The impact of airport opening on urban financial development: Evidence from China
Airports play a vital role in connecting regions and promoting economic activities, particularly in stimulating urban financial development. To examine the relationship between airport opening and urban financial development, this study employs a time-varying difference-in-differences (DID) model to conduct an empirical analysis of panel data from 277 cities in China, covering the period from 2010 to 2019. Our findings reveal that airport opening significantly promotes urban financial development, primarily by accelerating capital flow and increasing wage rates. This positive effect is especially pronounced in the eastern and western regions of China.
期刊介绍:
Transport Policy is an international journal aimed at bridging the gap between theory and practice in transport. Its subject areas reflect the concerns of policymakers in government, industry, voluntary organisations and the public at large, providing independent, original and rigorous analysis to understand how policy decisions have been taken, monitor their effects, and suggest how they may be improved. The journal treats the transport sector comprehensively, and in the context of other sectors including energy, housing, industry and planning. All modes are covered: land, sea and air; road and rail; public and private; motorised and non-motorised; passenger and freight.