History, Microdata, and Endogenous Growth

The study of economic growth is concerned with long-run changes, and therefore, historical data should be especially influential in informing the development of new theories. In this review, we draw on the recent literature to highlight areas in which study of history has played a particularly promi...

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Published inAnnual review of economics Vol. 11; no. 1; pp. 615 - 633
Main Authors Akcigit, Ufuk, Nicholas, Tom
Format Journal Article
LanguageEnglish
Published Palo Alto Annual Reviews 01.01.2019
Annual Reviews, Inc
Subjects
economic development
Economic growth
Economic models
growth
Growth models
history
innovation
JEL O31
JEL O38
JEL O40
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Abstract The study of economic growth is concerned with long-run changes, and therefore, historical data should be especially influential in informing the development of new theories. In this review, we draw on the recent literature to highlight areas in which study of history has played a particularly prominent role in improving our understanding of growth dynamics. Research at the intersection of historical data, theory, and empirics has the potential to reframe how we think about economic growth in much the same way that historical perspectives helped to shape the first generation of endogenous growth theories.
AbstractList The study of economic growth is concerned with long-run changes, and therefore, historical data should be especially influential in informing the development of new theories. In this review, we draw on the recent literature to highlight areas in which study of history has played a particularly prominent role in improving our understanding of growth dynamics. Research at the intersection of historical data, theory, and empirics has the potential to reframe how we think about economic growth in much the same way that historical perspectives helped to shape the first generation of endogenous growth theories.
Author Akcigit, Ufuk
Nicholas, Tom
AuthorAffiliation 1
2
Department of Economics, University of Chicago, Chicago, Illinois 60637, USA; email
3
4
Harvard Business School, Harvard University, Cambridge, Massachusetts 02138, USA; email
tnicholas@hbs.edu
uakcigit@uchicago.edu
Center for Economic and Policy Research, Washington, DC 20009, USA
National Bureau of Economic Research, Cambridge, Massachusetts 02138, USA
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SubjectTerms economic development
Economic growth
Economic models
growth
Growth models
history
innovation
JEL O31
JEL O38
JEL O40
Title History, Microdata, and Endogenous Growth
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