Was the Wealth of Nations Determined in 1000 BC?
William Easterly, and
Erick Gong. 2010. "Was the Wealth of Nations Determined in 1000 BC?."
American Economic Journal: Macroeconomics,
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. The evidence is consistent with a model where the cost of adopting new technologies declines sufficiently with the current level of adoption.
(JEL N10, O33, O47)
Article Full-Text Access
Download Data Set
(29.80 KB) | Online Appendix
Comin, Diego (Harvard U)
Easterly, William (NYU)
Gong, Erick (U CA, Berkeley)
N10: Economic History: Macroeconomics and Monetary Economics; Growth and Fluctuations: General, International, or Comparative
O33: Technological Change: Choices and Consequences; Diffusion Processes
O47: Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
View Comments on This Article (0)
Login to post a comment