Transportation infrastructure and capital mobility: evidence from China ...

Transportation infrastructure facilitates agglomeration and specialization of eco-nomic activities, in addition to reducing the cost of goods transportation and face-to-face meetings. The development of intercity transportation (e.g., high-speed * Weizeng Sun sunweizeng@gmail.com Liaoliao Duan duanll13@163.com Dongxiao Niu ndx18@mails.tsinghua ... ................
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