Improving transport -> larger firms; evidence from Boston streetcar electrification 1885-1905 & mom-n-pop stores http://econweb.ucsd.edu/~wyou/pdfs/WeiYouJMP.pdf …
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I want "streetcars" (trams). Is there evidence that they are better? Seems obvious
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let me read your initial link for context--brb
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hmm, very skeptical of a connection between streetcars and decline of small firms--looking at Japan as example
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spatial data they show is p strong though. Small business not necessarily a good thing anyway (imo)
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think the data says more about Boston--tiny firms and shops proliferate in Japanese cities despite far better transportation
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small businesses can't do everything, sure, but they're usually where large businesses come from...
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I suspect that Japan has fixed effects driving smaller & familier firms & shocks would have similar direction, diff impact
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+ mom n pop firms don't seem to be the type that grow into huge value generators but am not expert here
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