Pereira, Rui M.; Hausman, William J.; Pereira, Alfredo … - Department of Economics, College of William & Mary - 2015
We measure the overall impact of railroad investment on economic growth in the antebellum period in the United States using a bivariate dynamic time series methodological approach, based on the use of a vector autoregressive (VAR) model. We find bidirectional causality between railroad...