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State history and economic development: evidence from six millennia

Journal of economic growth (Boston, Mass.), 2018-03, Vol.23 (1), p.1-40 [Peer Reviewed Journal]

The Author(s) 2017 ;Journal of Economic Growth is a copyright of Springer, (2017). All Rights Reserved. ;ISSN: 1381-4338 ;EISSN: 1573-7020 ;DOI: 10.1007/s10887-017-9152-0

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Title:
State history and economic development: evidence from six millennia
Author: Borcan, Oana ; Olsson, Ola ; Putterman, Louis
Subjects: biogeography ; Business & Economics ; Coding ; Comparative development ; countries ; Deep roots ; democracy ; determinants ; diversity ; Economic development ; Economic Growth ; Economics ; Economics and Business ; Economics and Finance ; Ekonomi och näringsliv ; geography ; growth ; Institutions ; International Economics ; Learning ; Macroeconomics/Monetary Economics//Financial Economics ; nations ; origins ; Productivity ; Social development ; State history
Is Part Of: Journal of economic growth (Boston, Mass.), 2018-03, Vol.23 (1), p.1-40
Description: The presence of a state is one of the most reliable historical predictors of social and economic development. In this article, we complete the coding of an extant indicator of state presence from 3500 BCE forward for almost all but the smallest countries of the world today. We outline a theoretical framework where accumulated state experience increases aggregate productivity in individual countries but where newer or relatively inexperienced states can reach a higher productivity maximum by learning from the experience of older states. The predicted pattern of comparative development is tested in an empirical analysis where we introduce our extended state history variable. Our key finding is that the current level of economic development across countries has a hump-shaped relationship with accumulated state history.
Publisher: New York: Springer Science + Business Media
Language: English
Identifier: ISSN: 1381-4338
EISSN: 1573-7020
DOI: 10.1007/s10887-017-9152-0
Source: SpringerOpen
AUTh Library subscriptions: ProQuest Central

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State history and economic development: evidence from six millennia

The Author(s) 2017 ;Journal of Economic Growth is a copyright of Springer, (2017). All Rights Reserved. ;ISSN: 1381-4338 ;EISSN: 1573-7020 ;DOI: 10.1007/s10887-017-9152-0

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