Railroads and American Economic Growth: New Data and Theory

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Railroads and American Economic Growth.pdf (3.96 MB)

2011-11-24 12:02:49 上传

Dave Donaldson
MIT and NBER
Richard Hornbeck
Harvard and NBER
Draft Version: September 2011
Preliminary and Incomplete
Abstract
This paper examines the impact of railroads on American economic growth. Drawing
on general equilibrium trade theory, changes in counties "market access" captures the
aggregate impact of local changes in railroads. Using a new spatial network of freight
transportation routes, we calculate county-to-county lowest transportation costs and
counties' implied market access. As railroads expanded from 1870 to 1890, changes in
market access are capitalized in land values with an estimated elasticity of 1-1.5. The
computed decline in market access from removing all railroads in 1890 is estimated to
reduce GNP by 6.3%, roughly double estimates by Fogel (1964). Without railroads,
the total value of US agricultural land would have been lower by 73%. Fogel's proposed
extention of the canal network would have only mitigated 8% of the loss from removing
railroads.

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：Railroads American Economic railroad America captures economic network general access

铁路和美国经济增长，看看牛人们怎么研究的，学习下

斑竹，您关注挺广泛啊。每次贴出来的文章都于我心戚戚焉。增长？

manchern 发表于 2011-11-27 16:40
斑竹，您关注挺广泛啊。每次贴出来的文章都于我心戚戚焉。增长？

我关注发展经济学和劳动经济学最新的文献。可能这两个领域的覆盖面比较广，所以让您觉得我关注的东西比较多。