Open AccessAnalysis of the influence of high-speed railway on economic development
Author(s) -
Shan He,
Ruizhi Jiang,
Yan Xu
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/587/1/012094
Subject(s) - cointegration , granger causality , johansen test , china , vector autoregression , economics , economic analysis , economic indicator , econometrics , engineering , error correction model , computer science , macroeconomics , classical economics , geography , archaeology
This paper selects the data of 12 years of operation of China’s high-speed railways for empirical analysis. It constructs a VAR model between high-speed railway construction and economic development, and introduces two intermediate variables that make railway transportation capacity and human capital. Through the Johansen cointegration relationship test and Granger causality test, this paper can find that there is a long-term equilibrium relationship between high-speed railway construction and economic development. The construction of high-speed railways promotes economic development through the transmission multiplier effect. Finally, forecast the operating mileage of high-speed railways in the next three years. And then put forward corresponding suggestions for the current interactive relationship between high-speed railway and economic development‥