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Land prices and railroad building in European Russia, 1860s to the early 1900s

Author

Listed:
  • Carol S. Leonard

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia
    University of Oxford, Oxford, United Kingdom)

  • Zafar Nazarov

    (Purdue University Fort Wayne, Fort Wayne, United States of America)

  • Leonid I. Borodkin

    (Lomonosov Moscow State University, Moscow, Russia)

  • Maria A. Karpenko

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

  • Roman B. Konchakov

    (Russian Presidential Academy of National Economy and Public Administrationdministration, Moscow, Russia)

Abstract

This paper shows that railroad building in Russia, as in Europe and the US in the nineteenth century, improved the value of land, a classic benefit of transportation investment in largely agrarian countries. From a database constructed for this paper, we use cross-sectional data for the fifty European Russian regions to show the association of the length of the railroad (measured in 1894), land prices (measured in 1900) and annual growth of land prices (in rubles) for 1885–1910.

Suggested Citation

  • Carol S. Leonard & Zafar Nazarov & Leonid I. Borodkin & Maria A. Karpenko & Roman B. Konchakov, 2021. "Land prices and railroad building in European Russia, 1860s to the early 1900s," Russian Journal of Economics, ARPHA Platform, vol. 7(2), pages 93-104, July.
    • Handle: RePEc:arh:jrujec:v:7:y:2021:i:2:p:93-104
    DOI: 10.32609/j.ruje.7.56600
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    More about this item

    Keywords

    economic history transportation history history of financial markets urban history regional history.;

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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