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Dave Donaldson
Dave Donaldson teaches and carries out research on topics at the intersection of international/intra-national trade, development economics, economic history, and environmental economics. He has studied, among other topics: the welfare and other effects market integration, the impact of improvements in transportation infrastructure, how trade can mediate the effects of climate change, and how trade affects food security and famine. This work has been awarded the 2017 John Bates Clark Medal, given by the American Economic Association to the American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge, as well as an Alfred P. Sloan Research Fellowship and several grants from the National Science Foundation. He currently serves as a co-editor at the American Economic Journal: Applied Economics, as an editorial board member at the Journal of Economic Literature, the Journal of International Economics, the Review of Economic Studies, and the Quarterly Journal of Economics, and as a programme director (for Trade) at the International Growth Centre. He is a native of Toronto, Canada and obtained his undergraduate degree in Physics from Oxford University and his Ph.D. in Economics from the London School of Economics.
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Economic benefits of transportation infrastructure: Historical evidence from India and America
Significant public finance is devoted to transportation infrastructure, the economic benefits of which are often unclear. This column analyses two major railroad projects in India and US in the 19th century. It finds that the economic gains from transportation infrastructure can be substantial, and the true economic impact may not be known until years after a project is completed.
