Was the Wealth of Nations determined in 1000 BC?

American Economic Journal: Macroeconomics Vol/Iss. 2(3) American Economic Association Published In Pages: 65-97
By Comin, Diego, Easterly, William, Gong, Erick


Degree of technological adoption in 1000 BCE, 0 BCE, and 1500 BCE is positively associated with per capita income and technological development in 2002 (66).


When controlling for migration effects and geographic variables, no significant association is found between income or contemporary technological development and technological adoption in 1000 BCE or 0 BCE. However, a significant (p < 0.01) positive association was found with technological adoption in 1500 CE and 2002 per capita income (r-squared = 0.54) and current technology (r-squared = 0.43).


Test NameSupportSignificanceCoefficientTail
Multiple regressionPartially Supportedp < 0.01UNKNOWNUNKNOWN