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      <subfield code="a">Tsiachtsiras, Georgios</subfield>
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      <subfield code="a">Moreno Serrano, Rosina</subfield>
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      <subfield code="a">Miguélez, Ernest</subfield>
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      <subfield code="a">This paper explores the effect of the High Speed Rail (HSR) network expansion on local innovation in China during the period 2008-2016. Using exogenous variation arising from a novel instrument - courier’s stations during the Ming dynasty, we find sòlid evidence that the opening of a HSR station increases cities’ innovation activity. We also explore the role of inter-city Technology diffusion as being behind the surge of local innovation. To do it, we compute least-cost paths between city-pairs, over time, based on the opening and speed of each HSR line, and obtain that an increase in a city’s connectivity to other cities specialized in a specific technological field, through the HSR network, increases the probability for the city to specialize in that same technological field. We interpret it as evidence of knowledge diffusion.</subfield>
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      <subfield code="a">Trains of Thought: High-Speed Rail and Innovation in China</subfield>
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