Economic geography aspects of the Panama Canal

被引：5

作者：

Maurer, Stephan ^{[1
,2
]}

Rauch, Ferdinand ^{[3
,4
,5
]}

机构：

[1] Univ Konstanz, Dept Econ, D-78457 Constance, Germany

[2] CEP, D-78457 Constance, Germany

[3] Univ Oxford, Dept Econ, CEP, Manor Rd, Oxford OX1 4UQ, England

[4] Univ Oxford, CEPR, Manor Rd, Oxford OX1 4UQ, England

[5] Karl Franzens Univ Graz, Dept Econ, Univ Pl 3, A-8010 Graz, Austria

来源：

OXFORD ECONOMIC PAPERS-NEW SERIES | 2023年 / 75卷 / 01期

关键词：

F1; R1; O1; N72; TRADE; GROWTH; RAILROADS; IMPACT; URBANIZATION; MARKET;

D O I：

10.1093/oep/gpac009

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies how the opening of the Panama Canal in 1914 changed counties' market potential and influenced the economic geography of the USA. We compute shipment effective distances with and without the canal from each US county to each other US county and to international ports and compute the resulting change in market potential. The main elasticity would imply that a 1% increase in market potential led to a total increase of population by around 2.3% in 1940. We compute similar elasticities for wages, land values, and immigration from out of state. Tradable (manufacturing) industries react stronger than non-tradable (services) industries.

引用

页码：142 / 162

页数：21

共 50 条

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