Empirical Research on Urban Rail Transit and Urban Economic Low-carbon Transformation

Abstract

[Objective] Urban rail transit system is an important part of modern urban economy. To better realize the low-carbon transformation of urban economy, attention should be given to the impact of urban rail transit system on this transformation. [Method] Based on the panel data of 283 cities from 2000 to 2019, a double difference model is employed to explore the impact of urban rail transit on promoting the low-carbon transformation of urban economy. [Result & Conclusion] The research results indicate that urban rail transit not only contributes to promoting the low-carbon transformation of urban economy, but also advances the improvement of local green technology innovation levels, further facilitating the development of low-carbon transformation in urban economy. Effective promotion of the low-carbon economic transformation by urban rail transit is contingent upon specific conditions related to urban population density.

Keywords

• urban rail transit
• green technological innovation
• urban economy
• low-carbon transformation