Economic growth in Roman Britain over four centuries

Scott G. Ortman, José Lobo, Lisa Lodwick, Rob Wiseman, Olivia Bulik, Victoria Harbison , and Luís M. A. Bettencourt, Identification and measurement of intensive economic growth in a Roman imperial province, Science Advances, 5 Jul 2024, Vol 10, Issue 27, DOI: 10.1126/sciadv.adk5517

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.

H/t Tyler Cowen.