The Contribution of Railways to Economic Growth in Latin America before 1914: the cases of Mexico, Brazil and Argentina
AbstractThis paper presents preliminary estimates of the contribution of the railway technology to GDP growth in Argentina, Brazil and Mexico before 1914, and compares them with the available figures for two European economies (Britain and Spain). The results of the estimation indicate that the growth contribution of railways was substantially higher in those three Latin American economies than in Britain or Spain, although in Argentina and Mexico that high contribution was disguised behind the fast growth of the aggregate economy. This result is interpreted as a sign of the central role that the railways performed in the export-led growth episode of those three economies.
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Bibliographic InfoPaper provided by Asociación Española de Historia Económica in its series Documentos de Trabajo (DT-AEHE) with number 0903.
Length: 28 pages
Date of creation: Jul 2009
Date of revision:
railways; Latin America; Growth Contribution; Internal Transport; Export-Led Growth;
Find related papers by JEL classification:
- N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-DEV-2009-07-11 (Development)
- NEP-HIS-2009-07-11 (Business, Economic & Financial History)
- NEP-LAM-2009-07-11 (Central & South America)
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