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dc.contributor.authorBogart, Dan
dc.contributor.authorChaudhary, Latika
dc.contributor.authorHerranz-Loncán, Alfonso
dc.date.accessioned2016-02-03T17:22:17Z
dc.date.available2016-02-03T17:22:17Z
dc.date.issued2015-02
dc.identifier.citationSocial Science Research Network, http://ssrn.com/abstract=2576892en_US
dc.identifier.urihttp://hdl.handle.net/10945/47711
dc.description.abstractIt is widely recognized that railways were one of the most important drivers of economic growth in the 19th and 20th century, but it is less recognized that railways had a different impact across countries. In this paper, we first estimate the growth impact of Indian railways, one of the largest networks in the world circa 1900. Then, we show railways made a smaller contribution to income per-capita growth in India compared to the most dynamic Latin American economies between 1860 and 1912. The smaller contribution in India is related to four factors: (1) the smaller size of railway freight revenues in the Indian economy, (2) the higher elasticity of demand for freight services, (3) lower wages, and (4) higher fares. Our results suggest large disruptive technologies such as railways and other communication technologies can generate huge resources savings, but may not have large growth impacts.en_US
dc.format.extent44 p.en_US
dc.publisherSocil Science Research Networken_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleThe growth contribution of colonial Indian railways in comparative perspectiveen_US
dc.typeArticleen_US
dc.contributor.corporateNaval Postgraduate School (U.S.)en_US
dc.contributor.departmentBusiness & Public Policy (GSBPP)en_US
dc.subject.authorRailwaysen_US
dc.subject.authorSocial savingsen_US
dc.subject.authorICTen_US
dc.subject.authorIndiaen_US
dc.subject.authorGrowth accountingen_US


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