Does High-Speed Rail Promote Enterprises Productivity? Evidence from China

Table 10

Influence of market access on personnel flow, fixed asset investment, and human capital.

Regions	Core; cities	Peripheral; cities	Core; cities	Peripheral; cities	Core; cities	Peripheral cities
	ln_railrship		ln_invest		ln_perhum
ln_ACCxita	0.4849	0.5387	0.4521	-0.2643	0.2141	-0.0968
	(0.0053)	(0.0055)	(0.0099)	(0.0048)	(0.0044)	(0.0016)
Enterprises control	Y	Y	Y	Y	Y	Y
Cities control	Y	Y	Y	Y	Y	Y
Other traffic control	Y	Y	Y	Y	Y	Y
City fixed	Y	Y	Y	Y	Y	Y
Time fixed	Y	Y	Y	Y	Y	Y
Enterprise fixed	Y	Y	Y	Y	Y	Y
N	966411	1918873	901881	1799060	966411	1918873
adj. R^2	0.935	0.908	0.807	0.789	0.853	0.950

Note: , , and represent 10%, 5%, and 1% levels of statistical significance, respectively. Standard errors are reported in parentheses. Due to space limitation, constant term coefficient and standard error are not reported.