Portage: Path Dependence and Increasing Returns in U.S. History / Hoyt Bleakley, Jeffrey Lin.

Format:

Book

Author/Creator:

Bleakley, Hoyt.

Contributor:

National Bureau of Economic Research.

Lin, Jeffrey.

Series:

Working Paper Series (National Bureau of Economic Research) no. w16314.

NBER working paper series no. w16314

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Portage

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2010.

Summary:

We examine portage sites in the U.S. South, Mid-Atlantic, and Midwest, including those on the fall line, a geomorphologic feature in the southeastern U.S. marking the final rapids on rivers before the ocean. Historically, waterborne transport of goods required portage around the falls at these points, while some falls provided water power during early industrialization. These factors attracted commerce and manufacturing. Although these original advantages have long since been made obsolete, we document the continuing--and even increasing--importance of these portage sites over time. We interpret this finding in a model with path dependence arising from local increasing returns to scale.

Notes:

Print version record

August 2010.