{"title":"Does the China Railway Express Promote Equitable Regional Development? Evidence from Manufacturing Relocation","authors":"An Pan, Wenna Zhang, Yige Du, Xunpeng Shi","doi":"10.1111/cwe.12560","DOIUrl":null,"url":null,"abstract":"<p>The China Railway Express (CRE) has improved regional economic integration with external markets and has reshaped regional development by encouraging the relocation of manufacturing activities (“manufacturing transfer”). We analyzed data from 284 prefecture-level cities in China to evaluate the impact of the CRE on regional manufacturing relocation, using a staggered difference-in-differences model with entropy balancing. We found that the launch of the CRE significantly stimulated the relocation of manufacturing industries to node cities – key hubs for transportation and logistics within the CRE network – especially in the central, western, and northeastern regions. Specifically, the CRE significantly increased manufacturing dynamism, firm profitability, openness, and foreign investment in node cities, which attracted more manufacturing industries to relocate in this area. Higher levels of infrastructure development moderated the CRE's effect. Further analysis showed that significant moderating effects of infrastructure development occurred only in the western region. Overall, our conclusions provide useful insights into how to promote equitable regional development through manufacturing development in China.</p>","PeriodicalId":51603,"journal":{"name":"China & World Economy","volume":"32 6","pages":"128-159"},"PeriodicalIF":2.9000,"publicationDate":"2024-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"China & World Economy","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/cwe.12560","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The China Railway Express (CRE) has improved regional economic integration with external markets and has reshaped regional development by encouraging the relocation of manufacturing activities (“manufacturing transfer”). We analyzed data from 284 prefecture-level cities in China to evaluate the impact of the CRE on regional manufacturing relocation, using a staggered difference-in-differences model with entropy balancing. We found that the launch of the CRE significantly stimulated the relocation of manufacturing industries to node cities – key hubs for transportation and logistics within the CRE network – especially in the central, western, and northeastern regions. Specifically, the CRE significantly increased manufacturing dynamism, firm profitability, openness, and foreign investment in node cities, which attracted more manufacturing industries to relocate in this area. Higher levels of infrastructure development moderated the CRE's effect. Further analysis showed that significant moderating effects of infrastructure development occurred only in the western region. Overall, our conclusions provide useful insights into how to promote equitable regional development through manufacturing development in China.
期刊介绍：
The bi-monthly China & World Economy was launched in 1993 by the Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS). It is the only English-language journal in China devoted to the topic of the Chinese economy. The journal aims to provide foreign readers with an objective, impartial, analytical and up-to-date account of the problems faced and progress made by China in its interaction with the world economy. Among its contributors are many distinguished Chinese economists from both academic and government circles. As such, it has become a unique window on China and is essential reading for all those concerned with China"s development.
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