Abstract
Our tentative estimates indicate that total factor productivity growth in the agricultural sector advanced at a rate between 0.2 and 0.3 percent per year during the colonial period and then remained constant for the remainder of the century, while labor productivity advanced at an average rate of about 0.4 percent over the colonial period. We point out the many difficulties encountered in making such estimates and hope that our contribution will serve as a guide for further research in early American agricultural history as well as help to increase our understanding of the rate and trend in growth of the early American economy.
Publisher
Cambridge University Press (CUP)
Subject
Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History
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