Railroads and the Granger Laws

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Railroads and American Economic Growth : A

This paper examines the historical impact of railroads on the American economy, with a focus on quantifying the aggregate impact in the agricultural sector in 1890. Expansion of the railroad network may have affected all counties directly or indirectly — an econometric challenge that arises in many empirical settings. However, the total impact on each county is captured by changes in that count...

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Granger causality is a statistical concept of causality that is based on prediction. According to Granger causality, if a signal X1 "Granger-causes" (or "G-causes") a signal X2, then past values of X1 should contain information that helps predict X2 above and beyond the information contained in past values of X2 alone. Its mathematical formulation is based on linear regression modeling of stoch...

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ژورنال

عنوان ژورنال: The Annals of Iowa

سال: 1973

ISSN: 0003-4827,2473-9006

DOI: 10.17077/0003-4827.11155