Economic Principle Analysis of High-speed Railway Station Setting

¹ Transportation & Economic Research Institute, China Academy of Railway Science Corporation Limited, Beijing 100081, China
² Materials Department, China State Railway Group Co., Ltd., Beijing 100844, China

^*a Corresponding author: fujianfei@rails.cn
^b 765403620@qq.com

Abstract

China’s construction of high-speed rail has accomplished outstanding achievements that have drawn attention from around the world and have played a significant role in driving economic and social development. To investigate the reasons behind the competition between neighboring cities in the region during the process of setting up a high-speed railroad station, the economic principles of high-speed railway construction and operation station setup and its role effect are analyzed using the theories of investment multiplier, spatial spillover, and pole-axis. This is intended to solve the mystery surrounding the competition for the station between neighboring regions and offer theoretical support for the science of high-speed railway station setup. The result of the study demonstrates that the construction and operation of high-speed railway has significant spatial spillover effects that effectively enhance local employment levels and promote the coordinated development of the regional economy along the routes, in addition to having multiplier effects on national income that cause the regional economy to grow exponentially.