Railroads of the Raj: Estimating the Impact of Transportation Infrastructure

被引：614
|
作者：
Donaldson, Dave [1 ,2 ]
机构：
[1] MIT, Dept Econ, 50 Mem Dr, Cambridge, MA 02142 USA
[2] NBER, Cambridge, MA 02138 USA
来源：
AMERICAN ECONOMIC REVIEW | 2018年 / 108卷 / 4-5期
基金：
英国经济与社会研究理事会;
关键词：
TRADE LIBERALIZATION; INTERNATIONAL-TRADE; INDIA; PRODUCTIVITY; TECHNOLOGY; MIGRATION; GRAVITY; GROWTH; COSTS;
D O I：
10.1257/aer.20101199
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
How large are the benefits of transportation infrastructure projects, and what explains these benefits? This paper uses archival data from colonial India to investigate the impact of India's vast railroad network. Guided by four results from a general equilibrium trade model, I find that railroads: (1) decreased trade costs and interregional price gaps; (2) increased interregional and international trade; (3) increased real income levels; and (4) that a sufficient statistic for the effect of railroads on welfare in the model accounts well for the observed reduced-form impact of railroads on real income in the data.
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页码：899 / 934
页数：36
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