High-speed Rail and the Quality of Exported Products
This paper studies the direction,mechanism,and heterogeneity of China's high-speed rail(HSR)network on the quality of exported products.In theory,the HSR should improve the production efficiency and innovation of companies through resource reallocation,specialization,and technology spillover,thus improving the quality of exported products.This empirical study constructs a quasi-natural experiment,based on the opening and operation of the HSR,and conducts an analysis based on the matching data of listed companies and customs imports and exports from 2006 to 2016;the results verify the accuracy of the theoretical expectation,though the HSR has a greater role in upgrading the quality of technology-intensive exports,ordinary trade,and private companies.In addition,we find that the HSR has the"core-periphery"effect of asymmetric market integration.