Dispersion and distortions in the trans-Atlantic slave trade
Publication in refereed journal


香港中文大学研究人员 ( 现职)

梁天卓教授 (经济学系)

全文

数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jinteco.2015.03.002

引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL

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摘要Market distortions can lead to resource misallocation, which can further lead to inefficiency. Throughout the history of the trans-Atlantic slave trade, qualitative evidence of various sources of distortion abounds. No study, however, has quantified the inefficiency in the slave trade due to these distortions. We use a structural approach to identify the dispersion of distortions in the slave trade from wedges in first order conditions. We then calculate the TFP gains had the dispersion of distortions disappeared. Two main results emerge. First, dispersion of distortions had the smallest damage to TFP in Great Britain, followed by Portugal, and then France. Second, dispersion of distortions in the product market had a bigger impact on TFP than that of the capital and labor markets. (C) 2http://aims.cuhk.edu.hk/converis/portal/Publication/015 Elsevier B.V. All rights reserved.

着者Dalton JT, Leung TC
期刊名称Journal of International Economics
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/015
月份7
日期1
卷号96
期次2
出版社Elsevier
页次412 - 425
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/022-1996
电子国际标準期刊号1873-http://aims.cuhk.edu.hk/converis/portal/Publication/0353
语言英式英语

关键词Market distortions; Output dispersion; Productivity; Slave trades
Web of Science 学科类别Business & Economics; Economics