| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19213 |
| 来源ID | Working Paper 19213 |
| Railroads and American Economic Growth: A \"Market Access\" Approach | |
| Dave Donaldson; Richard Hornbeck | |
| 发表日期 | 2013-07-11 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper examines the historical impact of railroads on the American economy. Expansion of the railroad network may have affected all counties directly or indirectly - an econometric challenge that arises in many empirical settings. However, the total impact on each county is captured by changes in that county's "market access," a reduced-form expression derived from general equilibrium trade theory. We measure counties' market access by constructing a network database of railroads and waterways and calculating lowest-cost county-to-county freight routes. As the railroad network expanded from 1870 to 1890, changes in market access were capitalized into county agricultural land values with an estimated elasticity of 1.1. County-level declines in market access associated with removing all railroads in 1890 are estimated to decrease the total value of US agricultural land by 64%. Feasible extensions to internal waterways or improvements in country roads would have mitigated 13% or 20% of the losses from removing railroads. |
| 主题 | International Economics ; Trade ; History ; Other History ; Development and Growth ; Development ; Regional and Urban Economics ; Regional Economics |
| URL | https://www.nber.org/papers/w19213 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576886 |
| 推荐引用方式 GB/T 7714 | Dave Donaldson,Richard Hornbeck. Railroads and American Economic Growth: A \"Market Access\" Approach. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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