DOI: 10.36347/sjebm.2015.v02i08.0010

Pages: 849-855

Since2008， the first standard of high speed railway- Opening of Beijing-Tianjin intercity railway, China's high-speed railway (HSR) construction entered the stage of rapid development. HSR as a modern form of transport with reducing space transaction cost, compressing space and time distance and other positive effects. With the opening of high-speed rail, large flow of people, goods, information flow in the regional space agglomeration and diffusion, reconstruction of spatial patterns in the region. Based on spatial transaction cost, by analyzing the mechanism of HSR on regional and social development to explore the improvement of social welfare and the hinterland economy. Also explains the negative effects generated by the HSR operating, with a view to fully and accurately reveal high speed rail on regional development impact.