Stephan Maurer and his coauthor studied how the opening of the Panama Canal in 1914 had changed market access and influenced the economic geography of the United States. They computed shipment cost-distances with and without the canal from each US county to each other US county and to international ports and computed the resulting change in market access. They found that a 1 percent increase in market access led to a total increase of population by around 4.5 percent in 1940. They computed similar elasticities for wages, land values and immigration from out of state. In this Quantitative History Webinar, Stephan will describe how they calculated their cost-distance matrix and explain their findings that tradable (manufacturing) industries react faster than non-tradable (service) industries.
Live on Zoom on Tuesday, September 29, 2020
09:00 London | 10:00 Konstanz | 16:00 Hong Kong/Beijing/Singapore | 17:00 Tokyo | 18:00 Sydney
Department of Economics
University of Konstanz