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The Quarterly Journal of Economics· 2016Q1

Railroads and American Economic Growth: A “Market Access” Approach*

Dave Donaldson, Richard Hornbeck

Short summary

The US railroad network expansion from 1870-1890 is estimated to have increased agricultural land values by 60% by improving market access.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance