Railroads and American Economic Growth
Author | : Robert William Fogel |
Publisher | : |
Total Pages | : 0 |
Release | : 1994 |
Genre | : |
ISBN | : |
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Author | : Robert William Fogel |
Publisher | : |
Total Pages | : 0 |
Release | : 1994 |
Genre | : |
ISBN | : |
Author | : Robert William Fogel |
Publisher | : Baltimore : Johns Hopkins Press |
Total Pages | : 324 |
Release | : 1964 |
Genre | : Railroads |
ISBN | : |
Author | : Robert William Fogel |
Publisher | : Baltimore : Johns Hopkins Press |
Total Pages | : 324 |
Release | : 1964 |
Genre | : Railroads |
ISBN | : |
Author | : Dave Donaldson |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : Economics |
ISBN | : |
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.
Author | : John Walker Barriger |
Publisher | : |
Total Pages | : 108 |
Release | : 1956 |
Genre | : Railroads |
ISBN | : |
Author | : United States. Congress. Joint Economic Committee. Subcommittee on Economic Growth and Stabilization |
Publisher | : |
Total Pages | : 888 |
Release | : 1979 |
Genre | : Railroads and state |
ISBN | : |
Author | : John H. Coatsworth |
Publisher | : |
Total Pages | : 249 |
Release | : 1981 |
Genre | : Science |
ISBN | : 9780875806006 |
Author | : Robert William Fogel |
Publisher | : |
Total Pages | : |
Release | : 1970 |
Genre | : |
ISBN | : |
Author | : Gerald D. Nash |
Publisher | : |
Total Pages | : 356 |
Release | : 1980 |
Genre | : Business & Economics |
ISBN | : |
Chapter titles: The new economic history; Colonial agriculture; Labor in the colonial era; Colonial finance; Economic growth and the american revolution; Economic growth and the constitution; Finance in the national period; The economy of the ante-bellum south; Technology and economic change in nineteenth century America; Economic effects of the civil war; Agriculture in the later nineteenth century; The rise of big business; Immigrant labor in the progressive era; Oscar Handlin; Origins of the great crash of 1929; The new deal; Big business in the 1950's: Bigness and efficiency; Black capitalism in the 1960's.
Author | : Patrick O'Brien |
Publisher | : Routledge |
Total Pages | : 144 |
Release | : 2014-11-13 |
Genre | : Business & Economics |
ISBN | : 1317576888 |
The book, first published in 1977, contrasts new and older approaches to the history of transport and outlines a critical exposition of the methods used to quantify the contribution of railways to economic growth by means of counterfactual speculation and the measurement of social savings. The author also outlines and appraises an alternative measure of the impact of railways, namely the social rate of return on capital invested in railways. The final chapters are concerned with the effects on growth generated by the construction and diffusion of railways through expenditure on labour, capital goods and industrial inputs and through their effects on the integration of markets, and patterns of location.