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Transport Infrastructure and Firms’ Cross-Regional Expansion: Evidence from Branch Networks
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DOI:10.1016/j.econmod.2026.107721.png)
Abstract
En 中文
• Transport infrastructure causally promotes firms’ cross-regional expansion. • Expressway openings increase both the number and reach of nonlocal branches. • Effects are stronger for private firms and inland firms. • Resource reallocation, costs reduced, and lower contractual frictions drive the effects. • Infrastructure investment facilitates market integration via firm-level responses.
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