Leonard, Carol Scott; Nazarov, Zafar; Borodkin, Leonid I.; … - In: Russian journal of economics 7 (2021) 2, pp. 93-104
This paper shows that railroad building in Russia, as in Europe and the US in the nineteenth century, improved the value of land, a classic benefit of transportation investment in largely agrarian countries. From a database constructed for this paper, we use cross-sectional data for the fifty...