Plausibly Exogenous [948] - Panama Canal (09/03/2022)
LHS Variable
Productivity and economic activities
RHS Variable
Change in transportation costs
Source of Exogenous Variation
Variation in market access, which measures exposure and proximity to consumers and suppliers by weighting the income-normalized population of destination markets by how costly it is to reach them, induced by the opening of the Panama Canal
- Galiani, Jaramillo, and Uribe-Castro (2022), “Free-Riding Yankees: Canada and the Panama Canal”