Economic Impact of High-Speed Rail: A Case Study of The Beijing-Shanghai Line

Abstract

In this study, the impact of Beijing-Shanghai high-speed railway on urban economic growth has been explained in combination with case studies, literature reviews, and This paper uses mixed methods, a systematic literature review combined with a deep case study. Factor aggregation and mobility perspective; Industrial structure optimization perspective; Spatial spillovers effects perspective Combined with the case study, the paper also examines the literature on the Beijing-Shanghai High-Speed Railroad and economic development from these findings, we can tell that the opening of the high-speed railway has created complex and diverse employment effects in cities of different levels along the route, which also promotes the flow of capital and changes the industrial structure. The growth rate of GDP in the Secondary industry of Intermediate cities is much higher than the Growth rate of GDP in the First tier cities, the growth rate of GDP in the Tertiary industry of Intermediate cities is much lower than the Growth rate of GDP in the First tier cities. In terms of the regional economic structure, the Beijing-Shanghai High-Speed Railway mainly affects the regional economy through spatial spillover effect with capitals. The growth of capital in cities along the way has promoted the economic development of other regions. Therefore, the paper puts forward differentiated policy recommendations according to the above findings and gives advice for future long-term follow-up studies and international comparative studies. As for future research on the economic impact of the Beijing-Shanghai High-speed Railway, it could also continue. Long term investigations. Comparing the effects of high-speed railways on different countries and regions can also be used to expand on the impact of high-speed railways on high-quality economic development.