China's bullet trains facilitate market integration and mitigate the cost of megacity growth

Zheng S.; Kahn M.E.

首页> 外文期刊>Proceedings of the National Academy of Sciences of the United States of America >China's bullet trains facilitate market integration and mitigate the cost of megacity growth

【24h】

China's bullet trains facilitate market integration and mitigate the cost of megacity growth

机译：China's bullet trains facilitate market integration and mitigate the cost of megacity growth

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相关主题

摘要

Megacity growth in the developing world is fueled by a desire to access their large local labor markets. Growing megacities suffer from high levels of traffic congestion and pollution, which degrade local quality of life. Transportation technology that allows individuals to access the megacity without living within its boundaries offers potentially large social benefits, because individuals can enjoy the benefits of urban agglomeration while not paying megacity real estate rents and suffering from the city's social costs. This paper presents evidence supporting the claim that China's bullet trains are playing this role. The bullet train is regarded as one of the most significant technological breakthroughs in passenger transportation developed in the second half of the 20th century. Starting in 2007, China has introduced several new bullet trains that connect megacities such as Beijing, Shanghai, and Guangzhou with nearby cities. Through facilitating market integration, bullet trains will stimulate the development of second- and third-tier cities. By offering households and firms a larger menu of location alternatives, bullet trains help to protect the quality of life of the growing urban population. We document that this transport innovation is associated with rising real estate prices in the nearby secondary cities.

著录项

来源
《Proceedings of the National Academy of Sciences of the United States of America》 |2013年第14期|5288-5288|共1页
作者
Zheng S.; Kahn M.E.;
展开▼
作者单位

Department of Construction Management, Hang Lung Center for Real Estate, Tsinghua University, Beijing 100084, China;

Institute of the Environment and Sustainability, University of California, Los Angeles, CA 90095, United States;

展开▼
收录信息美国《科学引文索引》(SCI);美国《生物学医学文摘》(MEDLINE);美国《化学文摘》(CA);
原文格式 PDF
正文语种英语
中图分类自然科学总论;
关键词
High-speed rail; Urban growth;

China's bullet trains facilitate market integration and mitigate the cost of megacity growth

摘要

著录项

相关主题

期刊订阅