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Article: Reconciling Reversal of Fortune in early United States Development within a Unied Growth Framework
| Title | Reconciling Reversal of Fortune in early United States Development within a Unied Growth Framework |
|---|---|
| Authors | |
| Issue Date | 2022 |
| Citation | , v. 23-2, p. 329-371 How to Cite? |
| Abstract | This paper attempts to explain demographic-economic development in the Thirteen Colonies/United States during AD1700-AD1860, when slavery was an important feature in the period. This paper models how the use of slaves in production affected long-run productivity. The key hypothesis of the model is that productivity growth is positively related to the fraction of the workforce comprised of free workers, who had property rights over their production. The geographic and political environments in US-South relatively favored the buildup of Black slaves, through the above model mechanism it suffered from slower productivity growth and a reversal of fortune. |
| Persistent Identifier | http://hdl.handle.net/10722/317715 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Ho, CP | - |
| dc.date.accessioned | 2022-10-07T10:25:36Z | - |
| dc.date.available | 2022-10-07T10:25:36Z | - |
| dc.date.issued | 2022 | - |
| dc.identifier.citation | , v. 23-2, p. 329-371 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/317715 | - |
| dc.description.abstract | This paper attempts to explain demographic-economic development in the Thirteen Colonies/United States during AD1700-AD1860, when slavery was an important feature in the period. This paper models how the use of slaves in production affected long-run productivity. The key hypothesis of the model is that productivity growth is positively related to the fraction of the workforce comprised of free workers, who had property rights over their production. The geographic and political environments in US-South relatively favored the buildup of Black slaves, through the above model mechanism it suffered from slower productivity growth and a reversal of fortune. | - |
| dc.language | eng | - |
| dc.title | Reconciling Reversal of Fortune in early United States Development within a Unied Growth Framework | - |
| dc.type | Article | - |
| dc.identifier.email | Ho, CP: chipuiho@hku.hk | - |
| dc.identifier.hkuros | 338087 | - |
| dc.identifier.volume | 23-2 | - |
| dc.identifier.spage | 329 | - |
| dc.identifier.epage | 371 | - |