Does the China Railway Express Promote Equitable Regional Development?Evidence from Manufacturing Relocation

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外文摘要：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 signihcantly 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.

外文关键词：

China Railway Expressequitable regional developmentinfrastructure constructionmanufacturing transfer

作者：

An Pan、Wenna Zhang、Yige Du、Xunpeng Shi

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作者单位：

School of Economics,Zhongnan University of Economics and Law,China

Institute for International Studies,Wuhan University,China

Financial Stability Department,The People's Bank of China Meishan City Branch,China

Australia-China Relations Institute,University of Technology Sydney,Australia

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出版年：

2024

中国与世界经济(英文版)

中国社会科学院世界经济与政治研究所

中国与世界经济(英文版)

ISSN：1671-2234

年,卷(期)：2024.32(6)