Friday, April 27, 2018, 3:30 pm
Topic: Engines of Growth: Railroads, Reallocation, and the Rise of American Manufacturing” (joint with Martin Rotemberg)
We examine the impacts of market integration on the development of American manufacturing, as railroads expanded through the latter half of the 19th century. Using county-by-industry data from the Census of Manufacturers, we estimate substantial impacts on manufacturing productivity growth from increases in county market access due to expansion of the railroad network. These productivity impacts are driven by increases in “reallocative efficiency,” as input usage increased in areas where value marginal product exceeded marginal cost.
No Paper available
John Tamny, noted political economist and editor of RealClearMarkets, will be the inaugural guest speaker for Clemson University’s newly formed […]
From Revolving Doors to Regulatory Capture Evidence from Patent Examiners Friday, Apr 6th 2018, 03:30 pm 302 Sirrine
Sirrine 302 April 13, 3:30 p.m. Topic: The Household and Aggregate Level Fertility Consequences of China's One-Child Policy