Abstract

This study analyzes noncredit, rural property transfers from colonial South Carolina. These records are used to measure the frequency, annual timing, geographic spread, and turnover rate of land sales. These data also are used to derive a hedonic land-price index. We argue that these estimates reflect variations in the local expectations of future economic growth and conclude that the rapid increase in land prices reflected the fact that the Lowcountry economy was indeed fueled by plantation agriculture.

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Additional Information

ISSN
1527-8034
Print ISSN
0145-5532
Pages
pp. 599-623
Launched on MUSE
2005-11-29
Open Access
No
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