Was the wealth of nations determined in 1000 bc?

Diego Comin, William Easterly, Erick Gong

    Research output: Contribution to journalArticle

    Abstract

    We assemble a dataset on technology adoption in 1000 bc, 0 ad, and 1500 AD for the predecessors to today's nation states. Technological differences are surprisingly persistent over long periods of time. Our most interesting, strong, and robust results are for the association of 1500 AD technology with per capita income and technology adoption today. We also find robust and significant technological persistence from 1000 BC to 0 AD, and from 0 AD to 1500 AD. Theevidence is consistent with a model where the cost of adopting new technologies declines sufficiently with the current level of adoption. (JEL N10, O33, O47).

    Original languageEnglish (US)
    Pages (from-to)65-97
    Number of pages33
    JournalAmerican Economic Journal: Macroeconomics
    Volume2
    Issue number3
    DOIs
    StatePublished - Jul 1 2010

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    Wealth
    Technology adoption
    Per capita income
    Costs
    Nation-state
    Persistence
    Long period

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

    Cite this

    Was the wealth of nations determined in 1000 bc? / Comin, Diego; Easterly, William; Gong, Erick.

    In: American Economic Journal: Macroeconomics, Vol. 2, No. 3, 01.07.2010, p. 65-97.

    Research output: Contribution to journalArticle

    Comin, Diego ; Easterly, William ; Gong, Erick. / Was the wealth of nations determined in 1000 bc?. In: American Economic Journal: Macroeconomics. 2010 ; Vol. 2, No. 3. pp. 65-97.
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