Was the Wealth of Nations Determined in 1000 BC?

A-Tier
Journal: American Economic Journal: Macroeconomics
Year: 2010
Volume: 2
Issue: 3
Pages: 65-97

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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. 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)

Technical Details

RePEc Handle
repec:aea:aejmac:v:2:y:2010:i:3:p:65-97
Journal Field
Macro
Author Count
3
Added to Database
2026-01-25