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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20198 |
来源ID | Working Paper 20198 |
American Banking and the Transportation Revolution Before the Civil War | |
Jeremy Atack; Matthew S. Jaremski; Peter L. Rousseau | |
发表日期 | 2014-06-05 |
出版年 | 2014 |
语种 | 英语 |
摘要 | Studies have shown a connection between finance and growth, but most do not consider how financial and real factors interact to put a virtuous cycle of economic development into motion. As the main transportation advance of the 19th century, railroads connected established commercial centers and made unsettled areas along their routes better candidates for development. We measure the strength of links between railroads and banks in seven Midwest states using an annual transportation GIS database linked to a census of banking. These data indicate that those counties that already had a bank were more likely to see their first railroad go through over the next decade, while new banks tended to enter a county a year or two after it got a railroad. The initial banking system thus helped establish the rail system, while the rapid expansion of railroads helped fill in the banking map of the American Midwest. |
主题 | History ; Macroeconomic History ; Financial History ; Other History |
URL | https://www.nber.org/papers/w20198 |
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/577871 |
推荐引用方式 GB/T 7714 | Jeremy Atack,Matthew S. Jaremski,Peter L. Rousseau. American Banking and the Transportation Revolution Before the Civil War. 2014. |
条目包含的文件 | 条目无相关文件。 |
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