中文版 | English
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来源类型Working Paper
规范类型报告
DOI10.3386/w19743
来源IDWorking Paper 19743
Flip the Switch: The Spatial Impact of the Rural Electrification Administration 1935-1940
Carl Kitchens; Price Fishback
发表日期2013-12-19
出版年2013
语种英语
摘要To isolate the impact of access to electricity on local economies, we examine the impact of the Rural Electrification Administration low-interest loans in the 1930s. The REA provided loans to cooperatives to lay distribution lines to farms and aid in wiring homes. Consequently, the number of rural farm homes electrified doubled in the United States within 5 years. We develop a panel data set for the 1930s and use changes within counties over time to identify the effect of the REA loans on a wide range of socio-economic measures. The REA loans contributed significantly to increases in crop output and crop productivity and helped stave off declines in overall farm output, productivity, and land values, but had much smaller effects on nonagricultural parts of the economy. The ex-ante subsidy from the low interest loans was large, but after the program was completed, nearly all of the loans were fully repaid, and the ultimate cost to the taxpayer was relatively low.
主题History ; Macroeconomic History ; Development and Growth ; Development ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w19743
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/577417
推荐引用方式
GB/T 7714		 Carl Kitchens,Price Fishback. Flip the Switch: The Spatial Impact of the Rural Electrification Administration 1935-1940. 2013.
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