国际货币：高速铁路对企业绩效的空间影响：接近城市核心的作用报告（英文版）

This paper examines the spatial impact of high-speed rail (HSR) connection on firm performance in China at the micro level using a unique administrative dataset. Connected firms benefit from agglomeration economies and improved market access, but the redistribution of production inputs towards urban cores may have a negative impact on firms in peripheral regions. If these opposing forces are both subject to spatial decay but at different rates, proximity to urban cores could play a crucial ro