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High-Speed Railway and Regional Economic Aggregate

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High-Speed Railways and New Structure of Socio-economic Development in China

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Abstract

As a transportation infrastructure investment, high-speed railway is not only an investment that can affect economic growth in a short period of time through demand pull and capital accumulation, but also a quasi-public goods of “externality” that can indirectly have a long-term impact on economic growth.

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Notes

  1. 1.

    Johan Heinrich von Thunnen (1783–1850): His agricultural location theory is a product of the special social and economic background of Germany (Prussia) in the nineteenth century. At the beginning of the nineteenth century, Prussia carried out the reform of the agricultural system, banning all subordination relations attached to the owners of the land. All citizens can own movable property and can freely divide and trade it. Farmers have legally become free farmers and can independently control their own farms. The reform of the agricultural system abolished many privileges of the aristocracy, but also promoted the aristocracy to become a large landowner and an independent agricultural entrepreneur. At the same time, a large number of peasants, who have obtained personal freedom, have become agricultural laborers, who can freely sell their labor force. As a result, an agricultural enterprise-style operation composed of agricultural entrepreneurs and agricultural laborers emerged.

  2. 2.

    Alfred Weber (1868–1958), German economist, sociologist and cultural theorist. He was Max Weber's brother. His work Theory of the Location of Industries, published in 1909, founded the theory of industrial location and deeply influenced the development of modern economic geography.

  3. 3.

    Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy wide effects of events such as climate change, tax policies, and immigration. A CGE model consists of (a) equations describing model variables and (b) a database (usually very detailed) consistent with the model equations. The equations tend to be neo-classical in spirit, often assuming cost-minimizing behavior by producers, average-cost pricing, and household demands based on optimizing behavior. [Wikipedia].

  4. 4.

    The National Development and Reform Commission (NDRC) is in charge of China’s macroeconomic planning. It is responsible for formulating and implementing strategies for national economic and social development and coordinating major economic operations. The NDRC submits a plan for national economic and social development to the National People’s Congress each year on behalf of the State Council. For more information about the main functions of the NDRC, refer to http://en.ndrc.gov.cn/, and http://en.ndrc.gov.cn/mfndrc/.

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Authors and Affiliations

  1. School of Economics and Management, Bei**g Jiaotong University, Bei**g, China

    **aoyan Lin

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Lin, X. (2023). High-Speed Railway and Regional Economic Aggregate. In: High-Speed Railways and New Structure of Socio-economic Development in China. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-19-6387-2_6

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