| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26594 |
| 来源ID | Working Paper 26594 |
| Railroads, Reallocation, and the Rise of American Manufacturing | |
| Richard Hornbeck; Martin Rotemberg | |
| 发表日期 | 2019-12-30 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We examine impacts of market integration on the development of American manufacturing, as railroads expanded through the latter half of the 19th century. Using new county-by-industry data from the Census of Manufactures, we estimate substantial impacts on manufacturing productivity from relative increases in county market access as railroads expanded. In particular, the railroads increased economic activity in marginally productive counties. Allowing for the presence of factor misallocation generates much larger aggregate economic gains from the railroads than previous estimates. Our estimates highlight how broadly-used infrastructure or technologies can have much larger economic impacts when there are inefficiencies in the economy. |
| 主题 | Microeconomics ; Households and Firms ; History ; Other History ; Regional and Urban Economics ; Regional Economics |
| URL | https://www.nber.org/papers/w26594 |
| 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/584268 |
| 推荐引用方式 GB/T 7714 | Richard Hornbeck,Martin Rotemberg. Railroads, Reallocation, and the Rise of American Manufacturing. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26594.pdf（2771KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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