A study on the impact of high-speed rail on the consumption structure of urban and rural residents in China.

Autor: Xu Y; School of Economics and Management, Beijing Jiaotong University, Beijing, China., Ou G; School of Economics and Management, Beijing Jiaotong University, Beijing, China.
Jazyk: angličtina
Zdroj: PloS one [PLoS One] 2024 Oct 25; Vol. 19 (10), pp. e0307947. Date of Electronic Publication: 2024 Oct 25 (Print Publication: 2024).
DOI: 10.1371/journal.pone.0307947
Abstrakt: Consumption is crucial to individual well-being and national economic development. This study investigates whether high-speed rail (HSR) influences consumption expenditure (CE) and consumption structure (CS) of urban and rural Chinese citizens. Using panel data from 2003 to 2019 and econometric models, this study finds that: (1) HSR significantly increases CE for both urban and rural residents, promotes CS upgrades in rural areas, but inhibits CS upgrades in urban areas. These results remain robust after extensive testing. (2) HSR's impact on urban consumption is relatively focused and singular, whereas its effect on rural consumption is dispersed and extensive. Additionally, the impact of HSR on consumption exhibited significant delays and regional characteristics. (3) Mediation analysis reveals that HSR significantly enhances urban and rural CE and facilitates rural CS upgrades through market, price, and income effects. However, it also triggers housing price increases, impeding urban CS upgrades. This study provides important references for the government to optimize transportation infrastructure investments, promote balanced economic development between urban and rural areas, and enhance residents' well-being.
Competing Interests: The authors have declared that no competing interests exist.
(Copyright: © 2024 Xu, Ou. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
Databáze: MEDLINE
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