S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Business and Economics, University of Southern Denmark Discussion Papers of Business and Economics
Department of Business and Economics, University of Southern Denmark

No 10/2013:
Rural Infrastructure and Agricultural Market Integration in the United States: A long run perspective

Paul Sharp () and Martin Uebele ()

Abstract: In recent years, there has been an increasing focus by policymakers on rural infrastructure in the United States, including most recently tax credits to encourage investment. Previous work has documented the importance of railroad expansion for nineteenth century development, and demonstrated that policy failure led to the disintegration of agricultural markets in the interwar period, with potentially serious macroeconomic consequences. Using a database of average prices by state of seven agricultural products for the period ca. 1870-2010, we extend this analysis to the postSecond World War period. We find a striking disintegration in recent decades, as measured by price dispersion, which we attribute to decades of underinvestment, particularly in railroads. We thus provide strong support for the present policy focus on investment in rural infrastructure.

Keywords: United States; agriculture; market integration; rural infrastructure; (follow links to similar papers)

JEL-Codes: N52; N72; Q13; R42; (follow links to similar papers)

15 pages, July 5, 2013

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

%7B7135A5F0-C484-492A-996F-91ACCA032510%7Ddpbe10_2013.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Lene Holbęk ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:sdueko:2013_010 This page was generated on 2014-12-14 19:26:44