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Based on data from several samples of probate inventories we construct and analyze a time series of slave prices for South Carolina from 1722 to 1809. These estimates reveal that prices fluctuated without trend prior to the 1760s and then began to rise rapidly, more than doubling by the early...
Persistent link: https://www.econbiz.de/10012471200
Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations between persistent periods of robust growth and persistent periods of relative stagnation. These medium frequency movements, further, appear to bear some relation to the high...
Persistent link: https://www.econbiz.de/10012468709
TFP, to news about future productivity or the long run, and to demand shocks of the New Keynesian type. Instead, it …
Persistent link: https://www.econbiz.de/10012452846
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty … productivity in cotton declined. With the improvement of the outgrower scheme of later years, farmers devoted larger shares of land … to cash crops, and farm productivity significantly increased"--National Bureau of Economic Research web site …
Persistent link: https://www.econbiz.de/10010522398
In many industries firms can learn about new technologies from other adopters; mandatory disclosure regulations represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas industry to examine firms' claims that disclosure...
Persistent link: https://www.econbiz.de/10012481048
improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … 1985-2007. Competitive pressures are proxied with sectoral product market regulation data. We find evidence that … to the productivity frontier …
Persistent link: https://www.econbiz.de/10012462137
would yield a substantial increase in aggregate productivity through improved allocative efficiency. Yet, the actual impact … of the Colombian deregulation on aggregate productivity through factor adjustment was modest …
Persistent link: https://www.econbiz.de/10012467020
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This paper demonstrates that the transition to high growth occured around 1980, a full decade before economic liberalization. We investigate a number of...
Persistent link: https://www.econbiz.de/10012468317
, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the … European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity …
Persistent link: https://www.econbiz.de/10012468364
France. During the 1980s and 1990s Britain halted the relative declines in GDP per capita and labour productivity that had …
Persistent link: https://www.econbiz.de/10012469914