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ID: 108127

Basic research and catch-up in China's high-speed rail industry / Liu, Xielin; Cheng, Peng; Chen, Ao

Liu, Xielin	Journal Article
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2011.

Summary/Abstract

The existing literature has not studied the role of basic research in industrial catch-up in developing countries in any depth. This article takes high-speed rail as a case study in order to show how basic research has helped the industry to master imported technology and produce secondary innovations. The role of government is important in terms of coordinating the process of technology importation, digesting imported technology and innovation. The role of the home market is also very important in an era of globalisation to promote innovation in this emerging industry.

Key Words

Catch - Up ; Indigenous Innovation ; Basic Research ; High - Speed Rail

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ID: 164726

High‐speed rail and urban economic growth in China after the global financial crisis / Yao, Shujie; Zhang, Fan ; Wang, Feng ; Jinghua Ou

Yao, Shujie	Journal Article
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Summary/Abstract

High‐speed rail (HSR) has been an important driver of China's economic expansion over the last decade. Using data of 285 prefecture‐level cities over 2010–2014, this paper proposes an endogenous economic growth model to explain how and why HSR may have propelled China's economic growth by reducing the time‐space between cities. The research results show that HSR has a potent effect on urban economic growth and regional convergence. Ceteris paribus, HSR appears to have accelerated economic growth by more than 0.6 percent and the pace of regional economic convergence by approximately 2 percent per annum over the data period. Our research findings have important policy implications for the sustainability of China's economic development, backed by HSR.

Key Words

China ; Economic Growth ; High - Speed Rail ; Regional Convergence

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