Autor:	Thomas Weiss, Raymond B. Palmquist, Lee A. Craig
Rok vydání:	1998
Předmět:	Economics and Econometrics Public economics Land Values business.industry Measures of national income and output Agricultural economics Urban Studies Accounting Value (economics) Economics Per capita Economic analysis Economic impact analysis Acre business Finance Financial services
Zdroj:	The Journal of Real Estate Finance and Economics. 16:173-189
ISSN:	0895-5638
DOI:	10.1023/a:1007755717900
Popis:	We offer county-level estimates of the effect of water and rail access on the value of antebellum farms. Employing a hedonic model, we find that in 1850 average farm values in counties with access to a canal or navigable river were $2.68 per acre greater than counties without such access and $1.80 greater with rail access. In 1860 the figures were $3.75 for a canal or river access and $1.35 for rail. With average farm size around 200 acres and per capita national income roughly $150 during the decade, we conclude that on average transportation access yielded substantial economic gains.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d9f79f1dc86b6175b309250a44cc7b89 https://doi.org/10.1023/a:1007755717900 Zobrazit plný text záznamu Full text from SpringerLink