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contribution to income per-capita growth in India compared to the most dynamic Latin American economies between 1860 and 1912. The … smaller contribution in India is related to four factors: (1) the smaller size of railway freight revenues in the Indian …
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The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...
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This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...
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