IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v19y2012i18p1927-1932.html
   My bibliography  Save this article

Determinants of homestead claims and the expansion of Western settlement

Author

Listed:
  • Randy McFerrin
  • Stephen Norman
  • Douglas Wills

Abstract

This article examines the impact economic variables had on the rate of settlement, measured by original homestead claims, in the Western United States. Our results from the estimated panel regressions indicate that the underlying rationale for the Homestead Act, namely that economic factors were important for settlement, was justified. The two most important economic variables, output prices, measured by real wheat prices, and the cost of capital, measured by real interest rates, were statistically significant in explaining the change in the original homestead claims. Furthermore, contrary to previous studies, railroad mileage was not found to be significant. This study also reveals that the location of a homestead relative to the 100th meridian, the traditional boundary of humid and sub-humid areas, had little effect on the response of homesteaders to economic variables.

Suggested Citation

  • Randy McFerrin & Stephen Norman & Douglas Wills, 2012. "Determinants of homestead claims and the expansion of Western settlement," Applied Economics Letters, Taylor & Francis Journals, vol. 19(18), pages 1927-1932, December.
  • Handle: RePEc:taf:apeclt:v:19:y:2012:i:18:p:1927-1932
    DOI: 10.1080/13504851.2012.671920
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2012.671920
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:19:y:2012:i:18:p:1927-1932. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.