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

Carol Leonard, Zafar Nazarov (), Leonid Borodkin, Maria A. Karpenko () and Roman B. Konchakov ()
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Zafar Nazarov: Purdue University Fort Wayne, Fort Wayne, United States of America
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

Russian Journal of Economics, 2021, vol. 7, issue 2, 93-104

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.

Keywords: economic; history; transportation; history; history; of; financial; markets; urban; history; regional; history. (search for similar items in EconPapers)
JEL-codes: D62 N13 N53 N73 N93 O13 O18 O33 R14 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:7:y:2021:i:2:p:93-104

DOI: 10.32609/j.ruje.7.56600

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