Real Estate Papers

Document Type

Journal Article

Date of this Version

2012

Publication Source

The Review of Economic Studies

Volume

79

Issue

4

Start Page

1407

Last Page

1440

DOI

10.1093/restud/rds010

Abstract

We estimate the effects of interstate highways on the growth of US cities between 1983 and 2003. We find that a 10% increase in a city's initial stock of highways causes about a 1.5% increase in its employment over this 20 year period. To estimate a structural model of urban growth and transportation, we rely on an instrumental variables estimation which uses a 1947 plan of the interstate highway system, an 1898 map of railroads, and maps of the early explorations of the US as instruments for 1983 highways.

Copyright/Permission Statement

This is a pre-copyedited, author-produced PDF of an article accepted for publication in The Review of Economic Studies following peer review. The version of record is available online at: http://restud.oxfordjournals.org/content/early/2012/03/07/restud.rds010

Keywords

urban growth, transportation, interstate highways, instrumental variables

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Date Posted: 27 November 2017

This document has been peer reviewed.