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.