Capital Intensity and US County Population Growth During the Late 19th Century

The United States witnessed substantial growth in manufacturing and urban populations during the last half of the 19th century. To date, no convincing evidence has been presented to explain the shift in population to urban areas. We find evidence that capital intensity, particularly new capital in t...

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Veröffentlicht in:Eastern economic journal 2013-01, Vol.39 (1), p.18-27
Hauptverfasser: Abrams, Burton A., Li, Jing, Mulligan, James G.
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Li, Jing
Mulligan, James G.
description The United States witnessed substantial growth in manufacturing and urban populations during the last half of the 19th century. To date, no convincing evidence has been presented to explain the shift in population to urban areas. We find evidence that capital intensity, particularly new capital in the form of steam horsepower, played a significant role in drawing labor into counties and by inference into urban areas. This provides support for the hypothesis that the locational decisions of manufacturers and their placement of capital in urban areas fueled urban growth in the 19th century.
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subjects 19th century
Capital investments
Censuses
Coefficients
Economic capital
Economic growth models
Economic history
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Horsepower
Hypotheses
J61
Labor productivity
Manufacturing
N11
O33
Per capita
Population estimates
Population growth
State taxes
Statistical models
Steam
Steam power
Studies
Tax revenues
Urban areas
Urbanization
Variables
title Capital Intensity and US County Population Growth During the Late 19th Century
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