The Influence Of High-speed Railway On Tax Revenue Of The Region Along The Line

The purpose of this research is to explore the impact of high-speed railways on tax revenue of the regions along the it.China has initially formed high-speed railway network,it will also impact economic development of the cities along the railway.The performance of high-speed railway must be judged by direct economic benefits.It is the government’s points of view.This research proposes that tax revenue is the index to measure whether high-speed railway is beneficial or not.By reviewing the researches of the relationship of traffic and economy over the years,the researcher of this paper points out most of the researches focus on the macroeconomic level,lacking of evaluates on a specific index,especially tax.This paper’s innovation is focusing on tax.It put forward the argument that high-speed railway can promote both tax revenue and local tax revenue.In the part of theoretical analysis,researcher expounds that the high-speed railway can change the industrial structure of the regions along the line and increase the proportion of the tertiary industry in the economy by bringing in circulation of elements such as personnel,knowledge and capital based on the three basic theories of traffic economy,so as to increase the local tax revenue.This paper chose 26 cities among the Yangtze River Delta region as observation objects,divided them to treatment group and control group according to whether the railway passes,observed the impact of high-speed railway by building a difference-in-difference model.The conclusion supported the hypothesis.So high-speed railway network must be expanded and completed.