Analysis on the Impact of Zhengzhou-Xi’an High Speed Railway on Local Economy

Abstract

This paper analyzes the ways and mechanism of the impact of high-speed railway on local economy, and summarizes the impact of the construction and operation of high-speed railway on local economy as four positive effects: agglomeration effect, diffusion effect, urbanization and regional economic integration, and a negative effect of siphon effect. Taking Zhengxi high-speed railway as an example, using different quantitative calculation methods, this paper analyzes the three effects of agglomeration effect, diffusion effect and urbanization, and finds that the accessibility and economic volume of cities along the line have been greatly improved before and after the opening of high-speed railway.