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Looming stations: Valuing transport innovations in historical context |
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| Authors: | Gabriel M Ahlfeldt Nicolai Wendland |
| Institution: | aUniversity of Hamburg, Department of Economics, Von Melle Park 5, 20146 Hamburg, Germany;bDarmstadt University of Technology, Department of International Economics, Marktplatz 15-Residenzschloß, 64283 Darmstadt, Germany |
| Abstract: | We investigate the impact of transport innovations on the productivity of urban locations in 1890–1936 Berlin, Germany. We find an increase in land value of up to 2.5% per 100 m decline in distance to urban railway station. |
| Keywords: | Transport innovations Land values Location productivity Economic history |
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