Banking on railroads
The effect of market access on banking provision during the Gilded Age
Bibliographic Data
| ID | 3250907 |
|---|---|
| Authors | Jeff Chan (0000-0003-3782-1542, Wilfrid Laurier University, corresponding author) |
| Year | 2025 |
| Volume | 78 |
| Issue | 3 |
| Pages | 776-801 |
| Publication date | 2025-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.13372 |
| OpenAlex | W4401065106 |
| Language | EN |
| References cited | 19 |
I examine the effect that market access, induced by the railroad network expansion, had on banking provision in nineteenth-century America. I find that market access increased the number of national banks. This effect operated via the extensive margin, with market access increasing the probability of having a national bank for affected counties. I find that counties had more national bank activity, with increased assets, loans, deposits, and other outcomes. I do not, however, find any effect of market access on banks already in operation. Market access therefore increased banking provision chiefly through the increased entry of national banks
Business · Commerce · Economics · Financial system · Gilded Age · Keynesian economics · Retail banking · African history and culture studies · Banking stability, regulation, efficiency · Islamic Finance and Banking Studies
Railroads and American Economic Growth
Barbed Wire
Why Transform Y ? The Pitfalls of Transformed Regressions with a Mass at Zero
Farming output, concentration, and market access
The Effects of Banking Competition on Growth and Financial Stability
Growth Off the Rails
Railroads and American Economic Growth
National Banking's Role in U.S. Industrialization, 1850–1900
The Effect of Trade on Workers and Voters
Did Inequality in Farm Sizes Lead to Suppression of Banking and Credit in the Late Nineteenth Century
American Banking and the Transportation Revolution before the Civil War
| Citation velocity | historical |
|---|---|
| Highly cited | No |