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We use a parsimonious gravity framework to simulate and compare five potential shocks to the global shipping system: closures of the Panama Canal, the Suez Canal, and the Strait of Malacca, and openings of the Northwest ...Read more...
Stephan Maurer, Luke Milsom and Ferdinand Rauch
27 May 2026
This paper studies how the opening of the Panama Canal in 1914 changed counties? market potential and influenced the economic geography of the USA. We compute shipment effective distances with and without the canal from ...Read more...
Stephan Maurer and Ferdinand Rauch
25 March 2022
This paper studies how the opening of the Panama Canal in 1914 changed market access and influenced the economic geography of the United States. We compute shipment distances with and without the canal from each US count...Read more...
9 July 2019