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
Hypothesis
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).
Note
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 Name | Support | Significance | Coefficient | Tail |
|---|---|---|---|---|
| Multiple regression | Partially Supported | p < 0.01 | UNKNOWN | UNKNOWN |
| Variable Name | Variable Type | OCM Term(s) |
|---|---|---|
| Average Income | Dependent | Income And Demand |
| Technology Adoption (Current) | Dependent | Energy And Power, Machines, Tools And Appliances |
| Technology Adoption (1500 CE) | Independent | Historical Reconstruction |
| Technology Adoption (0 CE) | Independent | Historical Reconstruction |
| Technology Adoption (1000 BCE) | Independent | Historical Reconstruction |