IMPACTS OF HIGH-SPEED RAIL ON NEW FIRM FORMATION



Vickerman, R and Chen, CL ORCID: 0000-0003-2308-8976
(2021) IMPACTS OF HIGH-SPEED RAIL ON NEW FIRM FORMATION. .

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Abstract

Using a detailed data set of new firm formation in one city in China the paper provides evidence on the extent to which HSR has facilitated urban economic restructuring. Using location quotients and a probabilistic analysis of the determinants of new firm location, the findings indicate a significant rise of new firm formation after the arrival of HSR and that new firms appear likely to be in places closer to HSR stations, particularly those with a higher frequency of train service and interchange with metro services. The resulting spatial patterns suggest a dynamism of both a reinforced old urban core and a decentralisation process in new urban districts. The paper reinforces the view that more research using disaggregated data is essential to understand the role of HSR in transforming cities and regions in China with implications for other countries using HSR as an instrument of restructuring and transformation.

Item Type: Conference or Workshop Item (Unspecified)
Divisions: Faculty of Science and Engineering > School of Environmental Sciences
Depositing User: Symplectic Admin
Date Deposited: 03 Oct 2023 07:21
Last Modified: 03 Oct 2023 07:21
URI: https://livrepository.liverpool.ac.uk/id/eprint/3173305