Structural Characteristics of Competitive Substitution in China’s High Speed Transport Market —An Empirical Analysis Based on China’s Bullet Train and Air Transport Data
Structural Characteristics of Competitive Substitution in China’s High Speed Transport Market —An Empirical Analysis Based on China’s Bullet Train and Air Transport Data
YANG Xiuyun1, ZHAO Meng1, WANG Quanliang2
1.School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710061, China; 2.School of International Economics and Trade, Henan University of Economics and Law, Zhengzhou 450046, China
Abstract Based on China’s current situation, this paper constructs a competition model between bullet train and air transport, and explores the alternative relationship between them in high-speed transport market, by using the operation data of airports and bullet trains in 161 cities during 2003-2016 to do empirical research with continuous time DID method. Although both air transport and bullet trains continue growing, the results show that the operation of bullet trains reduces the air transport volume in cities nationwide, and the indirect substitution impact of bullet trains on the air cargo is stronger. This effect is the strongest in western region, followed by the central region, then the eastern region where is the weakest. The better bullet train stations a city construct, the more bullet trains will affect air transport. Therefore, for promoting the long-term and healthy development of high-speed transport market, our government should consider them as a whole when making construction plans, and guide them to cooperate with each other, in order to use financial resources more efficiently.
YANG Xiuyun,ZHAO Meng,WANG Quanliang. Structural Characteristics of Competitive Substitution in China’s High Speed Transport Market —An Empirical Analysis Based on China’s Bullet Train and Air Transport Data. Economic Survey, 2020, 37(3): 081.
2020, Vol. 37 
