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Smithian growth in the little divergence: a general equilibrium analysis

David Chilosi & Carlo Ciccarelli

Explorations in Economic History2025https://doi.org/10.1016/j.eeh.2025.101682article
AJG 3ABDC A
Weight
0.46

Abstract

To address growing concerns on the representativeness of real wages, we generate new estimates of GDP pc in pre-industrial England and Italy, as well as new exploratory estimates for Belgium, Finland, France, Germany, the Netherlands, Portugal, Poland, Spain and Sweden, with Groth and Persson's (2016) general equilibrium model. Our results question the robustness of the current theoretical consensus on the “little divergence” and suggest an alternative hypothesis: north-western Europe saw faster Smithian growth than the rest of Europe after 1500.

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https://doi.org/https://doi.org/10.1016/j.eeh.2025.101682

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@article{david2025,
  title        = {{Smithian growth in the little divergence: a general equilibrium analysis}},
  author       = {David Chilosi & Carlo Ciccarelli},
  journal      = {Explorations in Economic History},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1016/j.eeh.2025.101682},
}

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Evidence weight

0.46

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.37 × 0.4 = 0.15
M · momentum0.60 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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