Identification and measurement of intensive economic growth in a Roman imperial province. Journal Article uri icon

Overview

abstract

  • A key question in economic history is the degree to which preindustrial economies could generate sustained increases in per capita productivity. Previous studies suggest that, in many preindustrial contexts, growth was primarily a consequence of agglomeration. Here, we examine evidence for three different socioeconomic rates that are available from the archaeological record for Roman Britain. We find that all three measures show increasing returns to scale with settlement population, with a common elasticity that is consistent with the expectation from settlement scaling theory. We also identify a pattern of increase in baseline rates, similar to that observed in contemporary societies, suggesting that this economy did generate modest levels of per capita productivity growth over a four-century period. Last, we suggest that the observed growth is attributable to changes in transportation costs and to institutions and technologies related to socioeconomic interchange. These findings reinforce the view that differences between ancient and contemporary economies are more a matter of degree than kind.

publication date

  • July 5, 2024

has restriction

  • gold

Date in CU Experts

  • July 10, 2024 5:39 AM

Full Author List

  • Ortman SG; Lobo J; Lodwick L; Wiseman R; Bulik O; Harbison V; Bettencourt LMA

author count

  • 7

Other Profiles

Electronic International Standard Serial Number (EISSN)

  • 2375-2548

Additional Document Info

start page

  • eadk5517

volume

  • 10

issue

  • 27