High-Speed Rail and Industrial Agglomeration: Evidence from China’s Urban Agglomerations

Abstract

This paper explores the relationship between high-speed rail (HSR) and industrial agglomeration within urban agglomerations. The paper selects the data of the Beijing–Tianjin–Hebei Urban Agglomeration (BJHUA) and Central Plains Urban Agglomeration (CPUA) from 2002 to 2016 as the research object. The time-varying difference-in-difference (TVDID) model is innovatively applied to analyze the impact of HSR on the agglomeration of secondary and tertiary industries in urban agglomerations, and the industrial agglomeration effects of the two urban agglomerations are compared. The results show that the influence of high-speed railways on the industrial agglomeration of urban agglomerations is heterogeneous. In the BJHUA, the impact of HSR on the agglomeration of secondary and tertiary industries is not particularly significant. On the other hand, in the CPUA, HSR does not have a significant impact on the agglomeration of secondary industry. However, it does have a significant negative effect on the agglomeration of tertiary industry. In addition, further analysis reveals significant variations in the impact of HSR on the agglomeration of industries within urban agglomerations after excluding the central cities. It is important to note that the impact of HSR on regional industries can be complex and multifaceted. The findings enrich the theoretical understanding of the relationship between HSR and industrial agglomeration.