The Curse of the Caribbean? Agency's Impact on the Productivity of Sugar Estates on St. Vincent and the Grenadines, 1814-1829
成果类型：
Article; Proceedings Paper
署名作者：
University of Oxford; University of York - UK; University of York - UK
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050718000220
发表日期：
2018
页码：
472-499
关键词：
摘要：
This study estimates agency's impact on sugar plantation productivity using a unique early nineteenth-century panel data set from St. Vincent and the Grenadines. Results of fixed effects models, combined with a qualitative and quantitative analysis of potential endogeneity of the agency variable, provide no evidence that estates managed by agents were less productive than those managed by their owners. We discuss the results in the context of the historical and recent, revisionary, interpretations of agency, and the emergence of managerial hierarchies in the Atlantic economy.