Railroads and American Economic Growth: a "Market Access" Approach

@article{Donaldson2013RailroadsAA,
  title={Railroads and American Economic Growth: a "Market Access" Approach},
  author={David Donaldson and Richard A. Hornbeck},
  journal={ERN: Other Econometrics: Applied Econometric Modeling in Agriculture},
  year={2013}
}
  • D. Donaldson, R. Hornbeck
  • Published 1 July 2013
  • Economics
  • ERN: Other Econometrics: Applied Econometric Modeling in Agriculture
This article examines the historical impact of railroads on the U.S. economy, with a focus on quantifying the aggregate impact on the agricultural sector in 1890. 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… 
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What was the impact of railroads in the output of the United States during the 19th century and how can a New Trade model help answer this question? In order to respond I follow three steps. First, I
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