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High Speed Rail and China’s New Economic Geography

Impact Assessment from the Regional Science Perspective

Zhenhua Chen, Kingsley E. Haynes, Yulong Zhou and Zhaoxin Dai

Presenting an analytical approach to assessing the socioeconomic impact of high speed rail in China, and using a multilevel spatial analysis approach at both the national and the regional level, this book emphasizes capturing the spatial spillover effects of rail infrastructure development on China’s economic geography in terms of land use, housing market, tourism, regional disparity, modal competition, the economy and environment.
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Chapter 2: Spatial impacts of high speed rail on land value change

Zhenhua Chen, Kingsley E. Haynes, Yulong Zhou and Zhaoxin Dai

Extract

Chapter 2 evaluates the spatial impacts of China’s HSR on urban transformation with a focus on land value. The land value change in the process of HSR new town development is evaluated empirically using a spatial difference-in-differences model. The assessment is based on micro -level land transaction data with 629,741 records for the period 2007–15. The research finding shows that HSR plays a significant role in facilitating urban transformation in China. The development of HSR is associated with a 3–13 percent increase in land value, ceteris paribus, but the impacts are found to vary considerably by type of city, land and the specific location within a city. Overall, the study provides evidence and implications for policy makers to improve decision making on land policy reforms and future infrastructure development through an understanding of the effectiveness of HSR on land value change.

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