Empirical Study on Impact of the High-speed Train to Regional Economic Development

摘要

High-speed train (HST), as a mode of high efficient rail transportation, which has evidently shaping effect on its regional economic development, has in recent years greatly shortened time-space distances between regional areas. This article has provided the causal relationship between HST and its regional economic aggregate, adopting the Granger Causality Test, on the basis of which we put forward the influences on the industrial structure and the tertiary industries, and conduct the related empirical study on the opening of Wuhan-Guangzhou HST and its effect on its areas along this line. According to this analysis, HST service can boost its regional economic aggregate, as well as the transformation and upgrade of its industrial structure, with its hysteresis quality, though. With the development of HST, the tertiary industries will grow rapidly but slow continuously down the impact on the third industry.