Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913
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...
| Main Authors: | , , |
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| Format: | Journal article |
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Wiley
2015
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| _version_ | 1826292450913681408 |
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| author | Bignon, V Ferreira Da Costa Esteves, R Herranz-Loncán, A |
| author_facet | Bignon, V Ferreira Da Costa Esteves, R Herranz-Loncán, A |
| author_sort | Bignon, V |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T03:14:53Z |
| format | Journal article |
| id | oxford-uuid:b5786184-aa06-48b3-80bd-9aae53386da0 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T03:14:53Z |
| publishDate | 2015 |
| publisher | Wiley |
| record_format | dspace |
| spelling | oxford-uuid:b5786184-aa06-48b3-80bd-9aae53386da02022-03-27T04:33:35ZBig push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:b5786184-aa06-48b3-80bd-9aae53386da0Symplectic Elements at OxfordWiley2015Bignon, VFerreira Da Costa Esteves, RHerranz-Loncán, ARailways 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. |
| spellingShingle | Bignon, V Ferreira Da Costa Esteves, R Herranz-Loncán, A Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913 |
| title | Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913 |
| title_full | Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913 |
| title_fullStr | Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913 |
| title_full_unstemmed | Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913 |
| title_short | Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913 |
| title_sort | big push or big grab railways government activism and export growth in latin america 1865 1913 |
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