文章基本信息

标题：'The Curse of the Caribbean'? Agency's impact on the efficiency of sugar estates in St.Vincent and the Grenadines, 1814-1829
本地全文：下载
作者：Simon D. Smith ; Martin Forster
期刊名称：Discussion Papers in Economic and Social History / Oxford University
出版年度：2013
期号：112
出版社：Oxford
摘要：This study estimates agency’s impact on the efficiency of sugar plantations on St.Vincent and the Grenadines during the early 19th century. Using a panel data set covering the years 1814-1829, a series of stochastic frontier models are estimated to investigate whether estates employing agents were more technically efficient than those managed by the owners themselves. Multiple imputation methods are used to deal with missing data problems. There is no evidence in any of the models estimated to suggest that estates under agency were less efficient than those that were directed by their owners. Estimates from a number of models suggest that agent-operated estates were more efficient.