A reconstruction of the time series of global technology from 5500 BC to the 2000s

Antonio Paradiso ()
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Antonio Paradiso: Department of Economics, University Of Venice Ca' Foscari

No 2023:12, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: The aim of this study is to reconstruct the millennial historical series of global technology level from 5000 BC to the twenty-first century, using the data collected by Lilley [Men, machines and history, Cobbett Press, London, 1948] and updating them. The resulting series reveals a similar dynamic to the millennial series of global real GDP per capita. This finding is supported by structural changes in the growth dynamics of both series during the period of proto-industrialization and by the results of estimations from an unobserved components model, which highlight the effect of technology on global output. This study contributes to understanding the link between technology and economic development over the course of millennia.

Keywords: Technology; GDP per capita; economic growth; regression with breaks; unobserved components model (search for similar items in EconPapers)
JEL-codes: C20 C32 N70 O40 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2023
New Economics Papers: this item is included in nep-gro and nep-his
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