Time for Growth

OPEN ARCHIVE

Union Jack
Dannebrog

Time for Growth

Show full item record

Title: Time for Growth
Author: Boerner, Lars; Severgnini, Battista
Abstract: This paper studies the impact of the early adoption of one of the most important high-technology machines in history, the public mechanical clock, on long-run growth in Europe. We avoid endo-geneity by considering the relationship between the adoption of clocks with an instrument based on the appearance of repeated solar eclipses. This is motivated by the predecessor technologies of mechanical clocks, astronomic instruments that measured the course of heavenly bodies. We find a significant increase in growth rates between 1500 and 1700 in the range of 30 percentage points in early adopter cities and areas. Finally, additional quantitative analysis suggests a positive relationship between mechanical clocks and contemporary long-term orientation nowadays.
URI: http://hdl.handle.net/10398/9730
Date: 2019-05-29

Creative Commons License This work is licensed under a Creative Commons License.

Files Size Format View
Working paper 4 Battista.pdf 5.091Mb PDF View/Open WP

This item appears in the following Collection(s)

Show full item record