Distinguished Speaker Series: High-Speed Rail and the New Economic Geography: Evidence from Chinese Cities | Asian Development Bank

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Distinguished Speaker Series: High-Speed Rail and the New Economic Geography: Evidence from Chinese Cities

Event | 2 November 2018 ADBI, Tokyo, Japan

Speaker: Paulo Regis
Affiliation: Xi'an Jiaotong-Liverpool University
Time: 14:00–15:00

Background

As important drivers for urban development and growth, transportation infrastructure and its concomitant technology continuously reshape city landscapes and generate significant impacts on the distribution of economic activities. This seminar will explore the role of the People’s Republic of China’s high-speed rail (HSR) in facilitating and catalyzing the agglomeration of economic activities using a dataset of 286 Chinese prefecture cities for the period 1999–2014.

The research finds that (i) internal market access is a crucial determinant for explaining the observed wage differences between Chinese prefecture cities. The estimated value for market access indicates that a 1% rise in a city’s market access is associated with a wage increase of 0.27%; (ii) the aggregate Chinese income level is approximately 1.08% higher than without HSR construction; and (iii) the expansion of HSR networks would strengthen core-periphery patterns for the People’s Republic of China. The new economic geography model predicts that economic growth at the aggregate level is stimulated, while regional inequality appears to be reinforced as a result of HSR.

About the speaker

Paulo Regis is associate professor at Xi’an Jiaotong-Liverpool University, where he has contributed to the development of research activities as well as the design of undergraduate and graduate programs in Economics. Paulo’s research interests include economic issues currently relevant to EastAsian countries and the Chinese economy in particular, such as macroprudential policy, economic integration, innovation, and public sector finance. He has published in the Journal of Financial Intermediation, Journal of Economic Behavior and Organization, Economic Letters, and Review of International Economics, among others.

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