Railways and the Local Economy: Evidence from Qingzang Railway

Railways and the Local Economy: Evidence from Qingzang Railway
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铁路与地方经济:来自青藏铁路的证据

DOI:
10.1086/680091
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发表时间:
2012-09
影响因子:
2
通讯作者:
Wu Binzhen
Wu Binzhen
中科院分区:
经济学4区
文献类型:
--
作者:
Wang Yang;Wu Binzhen

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This article empirically examines the causal effect of railway infrastructure on local economic development using the construction of Qingzang railway as a natural experiment. We apply the difference-in-difference method and find that the Qingzang railway significantly stimulated the economy of the counties along its path (railway counties). The local GDP per capita increased by about 33% after the railway had begun to operate. The effect manifested primarily through the positive railway effect on the manufacturing industry. In addition, the effect did not vary significantly with the initial economic status of the railway counties. The GDP per capita of the off-railway counties that are adjacent to the railway counties was not significantly affected.
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