Transportation Improvement and Firm Innovation: Evidence from China

DOI

10.2991/978-94-6463-256-9_18How to use a DOI?

Keywords

Transportation improvement; Firm innovation; Time-varying DID

Abstract

Transportation infrastructure improved with the construction of high-speed rail (HSR) has an increasingly significant role in promoting economic growth in China, so it is urgent to describe and measure its economic benefits. By matching the database of China’s urban data, HSR data, and China’s listed firms’ data in the period of 2003–2016, we applied the time-varying difference in difference (DID) method to quantitatively explore the relationship between transportation improvement and firms’ innovation. As revealed by the results, we found that transportation improvement has a significantly positive economic effect on firm innovation. Therefore, both firms and policymakers should not ignore the role of infrastructure in firm innovation.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xiangcai Peng
PY  - 2023
DA  - 2023/10/09
TI  - Transportation Improvement and Firm Innovation: Evidence from China
BT  - Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)
PB  - Atlantis Press
SP  - 174
EP  - 180
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-256-9_18
DO  - 10.2991/978-94-6463-256-9_18
ID  - Peng2023
ER  -