Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/64725
Title: Big Push or Big Grab? Railways, Government Activism and Export Growth in Latin America, 1865-1913
Author: Bignon, Vincent
Esteves, Rui Pedro
Herranz Loncán, Alfonso
Keywords: Ferrocarrils
Transport ferroviari
Creixement econòmic
Exportacions
Administració local
Amèrica Llatina
Railroads
Railroad transportation
Economic growth
Exports
Local government
Latin America
Issue Date: 6-Mar-2015
Publisher: Wiley
Abstract: Railways were one of the main engines of the Latin American trade boom before 1914. Railway construction often required financial support from local governments, which depended on their fiscal capacity. However, since the main government revenues were trade-related, this generated a two-way feedback between government revenues and railways, with a potential for multiple equilibria.The empirical tests in this article support the hypothesis of such a positive two-way relationship.The main implication of our analysis is that the build-up of state capacity was a necessary condition for railway expansion and also, to a large extent, for export expansion in Latin America during the first globalization.
Note: Versió postprint del document publicat a: http://dx.doi.org/10.1111/ehr.12094
It is part of: Economic History Review, 2015, vol. 68, num. 4, 1277–1305
Related resource: http://dx.doi.org/10.1111/ehr.12094
URI: http://hdl.handle.net/2445/64725
ISSN: 0013-0117
Appears in Collections:Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)

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