Comin, Diego A.; Easterly, William; Gong, Erick - Harvard Business School, Harvard University - 2008
We assemble a dataset on technology adoption in 1000 BC, 0 AD, and 1500 AD for the predecessors to today's nation … states. We find that this very old history of technology adoption is surprisingly significant for today's national … be most consistent with a model of endogenous technology adoption where the cost of adopting new technologies declines …