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- Title
TRANSPORT TECHNOLOGY AND ECONOMIC EXPANSION: THE GROWTH CONTRIBUTION OF RAILWAYS IN LATIN AMERICA BEFORE 1914.
- Authors
Herranz-Loncán, Alfonso
- Abstract
This paper measures the direct contribution of railways to economic growth before 1914 in four Latin American economies with large railway systems (Argentina, Brazil, Mexico and Uruguay) using growth accounting techniques. The outcomes of the analysis indicate that the growth contribution of railways in Uruguay was very low. By contrast, in Argentina and Mexico railways provided huge benefits, amounting to 20-25% of income per capita growth before 1914. Finally, in Brazil, the growth contribution of railways was even higher, although this was largely a consequence of the stagnation of the Brazilian economy. These results provide an example of a technology whose growth contribution was much higher in some peripheral economies than in the core countries where it was developed.
- Subjects
LATIN America; ECONOMIC development; ECONOMICS of railroad construction; HISTORY of railroads; GLOBALIZATION; ARGENTINIAN economy; MEXICAN economy; URUGUAYAN economy; ECONOMIC conditions in Brazil; BRAZILIAN history; HISTORY
- Publication
Revista de Historia Económica / Journal of Iberian & Latin American Economic History, 2014, Vol 32, Issue 1, p13
- ISSN
0212-6109
- Publication type
Article
- DOI
10.1017/S0212610913000177