High-speed rail (HSR) has led to a transportation revolution in China. This paper uses county-level panel data of China's Yangtze River region to investigate the effect of connecting to an HSR line on local economy. To address the issue of endogenous HSR route placement, we employ a...

This paper estimates the effect of high-speed rail (HSR) on city tourism. To identify the causal effect, we measure tourism outcomes with population flow data from Tencent migration big data and construct daily panel data of two national holidays from April 2015 to May 2019. Empirical results...

Transportation has long been shown to produce real impacts on productivity, urbanization, and economic growth, among others, companying with which innovation might take place. However, extant literature provides limited evidence on the companion innovation hypothesis of transportation...

This paper evaluates the impact of high-speed rail (HSR) on tourism growth using China's city panel data from 2004 to 2015. The empirical results from the difference-in-differences method show that HSR connection does not promote tourism revenue but does boost tourist arrivals, leading to a...