The imperial roots of global trade

Autor: Gunes Gokmen, Wessel N. Vermeulen, Pierre-Louis Vézina
Rok vydání: 2020
Předmět:
Zdroj: Journal of Economic Growth. 25:87-145
ISSN: 1573-7020
1381-4338
DOI: 10.1007/s10887-020-09174-7
Popis: Throughout history empires facilitated trade within their territories by building and securing trade and migration routes, and by imposing common norms, languages, religions, and legal systems, all of which led to the accumulation ofimperial capital. In this paper, we collect novel data on the rise and fall of empires over the last 5000 years, construct a measure of accumulatedimperial capitalbetween countries, and estimate its relationship with trade patterns today. Our measure ofimperial capitalhas a positive and significant effect on trade beyond potential historical legacies such as sharing a language, a religion, a legal system, or links via natural trade and invasion routes. This suggests a persistent and previously unexplored influence of long-gone empires on current trade.
Databáze: OpenAIRE
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