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Mergers, Deregulation and Cost Savings in the U.S. Rail Industry
Berndt, Ernst R.; Friedlaender, Ann F.; Wang Chiang, … - 2021
The success of deregulation in creating a viable private rail freight system in the ?U.S. since 1979 is relatively … undisputed. Deregulation has proceeded in three ways: (i) eased rate setting restrictions; (ii) simplified merger applications … of deregulation on rail costs from those directly attributable to mergers and acquisitions. We employ a translog variable …
Persistent link: https://www.econbiz.de/10013210639
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The Euro and Structural Reforms
Alesina, Alberto F. - 2010
, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the …
Persistent link: https://www.econbiz.de/10012758159
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The Economic Future of Europe
Blanchard, Olivier J. - 2021
After three years of near stagnation, the mood in Europe is definitely gloomy. Many doubt that the European model has a future. In this paper, I argue that things are not so bad, and there is room for optimism. Over the last thirty years, productivity growth has been much higher in Europe than...
Persistent link: https://www.econbiz.de/10013243948
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Competitive Liberalization and a Us-Sacu FTA
Whalley, John; Leith, J. Clark - 2022
This paper evaluates a possible US-SACU (Southern African Customs Union) free trade agreement as part of a US approach to new preferential trade agreements characterized by the term competitive liberalization.' This is the idea that competition among large countries (US/EU) to negotiate...
Persistent link: https://www.econbiz.de/10013324133
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Railroads of the Raj : Estimating the Impact of Transportation Infrastructure
Donaldson, Dave - 2010
How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new light on these questions, this paper uses archival data from colonial India to investigate the impact of India's vast railroad network. Guided by four predictions from a general...
Persistent link: https://www.econbiz.de/10013136742
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The Link between Fundamentals and Proximate Factors in Development
Keller, Wolfgang - 2013
The paper introduces a framework for studying the hierarchy of growth factors, from deep to more immediate. The specific setting we examine is 18th and 19th century Germany, when institutional changes introduced by reforms and transportation improvements converged to create city growth. We...
Persistent link: https://www.econbiz.de/10013086487
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Agricultural Improvements and Access to Rail Transportation : the American Midwest as a Test Case, 1850-1860
Atack, Jeremy - 2015
During the 1850s, land in U.S. farms surged by more than 100 million acres while almost 50 million acres of land were transformed from their raw, natural state into productive farmland. The time and expense of transforming this land into a productive resource represented a significant fraction...
Persistent link: https://www.econbiz.de/10013039250
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Railroads and Local Economic Development : The United States in the 1850s
Haines, Michael R. - 2006
We use county and individual-level data from 1850 and 1860 to examine the economic impact of gaining access to a railroad. Previous studies have found that rail access was positively correlated with the value of agricultural land at a point in time, and have interpreted this correlation as...
Persistent link: https://www.econbiz.de/10012779652
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Did Railroads Induce or Follow Economic Growth? Urbanization and Population Growth in the American Midwest, 1850-60
Atack, Jeremy - 2010
For generations of scholars and observers, the quot;transportation revolution,quot; especially the railroad, has loomed large as a dominant factor in the settlement and development of the United States in the nineteenth century. There has, however, been considerable debate as to whether...
Persistent link: https://www.econbiz.de/10012758014
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Did Railroads Make Antebellum U.S. Banks More Sound?
Atack, Jeremy - 2014
We investigate the relationships of bank failures and balance sheet conditions with measures of proximity to different forms of transportation in the United States over the period from 1830-1860. A series of hazard models and bank-level regressions indicate a systematic relationship between...
Persistent link: https://www.econbiz.de/10013055511