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Agricultural Labor Productivity in the Lower South, 1720-1800 / Peter C. Mancall, Joshua L. Rosenbloom, Thomas Weiss.
- Format:
- Book
- Author/Creator:
- Mancall, Peter C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8375.
- NBER working paper series no. w8375
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2001.
- Summary:
- Agriculture dominated the economy of eighteenth-century British America, and the pace of agricultural productivity advance was the primary determinant of the rate of economic growth. In this paper we offer new measures of agricultural productivity advance in the Lower South between 1720 and 1800. Past efforts and quantification have focused exclusively on the region's export performance. In addition to extending and refining measures of regional exports, we develop two new series based on the value of slave labor and on measurements of total agricultural production in the region. Despite differences in their short-term behavior, all of the indices show that long-run productivity improvements were modest at best, and may have been negative. Surprisingly, taking account of production for domestic consumption yields the most favorable long-term performance.
- Notes:
- Print version record
- July 2001.
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