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Trade, Merchants and Lost Cities of the Bronze Age

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  • Cosar, Kerem
  • Barjamovic, Gojko
  • Chaney, Thomas
  • Hortacsu, Ali

Abstract

We analyze a large dataset of commercial records produced by Assyrian merchants in the 19th Century BCE. Using the information collected from these records, we estimate a structural gravity model of long-distance trade in the Bronze Age. We use our structural gravity model to locate lost ancient cities. In many instances, our structural estimates confirm the conjectures of historians who follow different methodologies. In some instances, our estimates confirm one conjecture against others. Confronting our structural estimates for ancient city sizes to modern data on population, income, and regional trade, we document persistent patterns in the distribution of city sizes across four millennia, even after controlling for time-invariant geographic attributes such as agricultural suitability. Finally, we offer evidence in support of the hypothesis that large cities tend to emerge at the intersections of natural transport routes, as dictated by topography.

Suggested Citation

  • Cosar, Kerem & Barjamovic, Gojko & Chaney, Thomas & Hortacsu, Ali, 2017. "Trade, Merchants and Lost Cities of the Bronze Age," CEPR Discussion Papers 12408, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:12408
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    Cited by:

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    2. Bakker, Jan David & Maurer, Stephan & Pischke, Jörn-Steffen & Rauch, Ferdinand, 2018. "Of mice and merchants: trade and growth in the Iron Age," LSE Research Online Documents on Economics 91679, London School of Economics and Political Science, LSE Library.
    3. Antrà s, Pol, 2019. "Conceptual Aspects of Global Value Chains," CEPR Discussion Papers 14191, C.E.P.R. Discussion Papers.
    4. Frensch, Richard & Fidrmuc, Jarko & Rindler, Michael, 2023. "Topography, borders, and trade across Europe," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 816-832.
    5. Pablo D. Fajgelbaum & Edouard Schaal, 2020. "Optimal Transport Networks in Spatial Equilibrium," Econometrica, Econometric Society, vol. 88(4), pages 1411-1452, July.
    6. Adamson, Jordan, 2020. "Political institutions, resources, and war: Theory and evidence from ancient Rome," Explorations in Economic History, Elsevier, vol. 76(C).
    7. Combes, Pierre-Philippe & Gobillon, Laurent & Zylberberg, Yanos, 2022. "Urban economics in a historical perspective: Recovering data with machine learning," Regional Science and Urban Economics, Elsevier, vol. 94(C).
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    9. Hanlon, W.Walker & Heblich, Stephan, 2022. "History and urban economics," Regional Science and Urban Economics, Elsevier, vol. 94(C).
    10. Bosker, Maarten, 2022. "City origins," Regional Science and Urban Economics, Elsevier, vol. 94(C).
    11. Dalgaard, Carl-Johan & Kaarsen, Nicolai & Olsson, Ola & Selaya, Pablo, 2022. "Roman roads to prosperity: Persistence and non-persistence of public infrastructure," Journal of Comparative Economics, Elsevier, vol. 50(4), pages 896-916.
    12. Dávid Krisztián Nagy, 2021. "Quantitative Economic Geography Meets History: Questions, Answers and Challenges," Working Papers 1249, Barcelona School of Economics.
    13. Javier Mejia & Javier Mejia, 2021. "The economics of the Manila Galleon," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing Limited, vol. 15(1), pages 35-62, October.
    14. Combes, Pierre-Philippe & Gobillon, Laurent & Zylberberg, Yanos, 2022. "Urban economics in a historical perspective: Recovering data with machine learning," Regional Science and Urban Economics, Elsevier, vol. 94(C).
    15. Nagy, Dávid Krisztián, 2022. "Quantitative economic geography meets history: Questions, answers and challenges," Regional Science and Urban Economics, Elsevier, vol. 94(C).
    16. Oto-Peralías, Daniel, 2020. "Frontiers, warfare and economic geography: The case of Spain," Journal of Development Economics, Elsevier, vol. 146(C).
    17. Angelo D’Andrea & Patrick Hitayezu & Mr. Kangni R Kpodar & Nicola Limodio & Mr. Andrea F Presbitero, 2024. "Mobile Internet, Collateral, and Banking," IMF Working Papers 2024/070, International Monetary Fund.
    18. Benati, Giacomo & Guerriero, Carmine & Zaina, Federico, 2022. "The origins of political institutions and property rights," Journal of Comparative Economics, Elsevier, vol. 50(4), pages 946-968.
    19. Plutniak, Sébastien, 2018. "Aux prémices des humanités numériques? La première analyse automatisée d'un réseau économique ancien (Gardin Garelli, 1961). Réalisation, conceptualisation, réception [A Precursor of Digital Humani," MPRA Paper 89058, University Library of Munich, Germany.
    20. Gupta, Abhimanyu & Halket, Jonathan, 2023. "Household sorting in an ancient setting," Journal of Urban Economics, Elsevier, vol. 135(C).
    21. Paik, Christopher & Shahi, Keshar, 2023. "Ancient nomadic corridors and long-run development in the highlands of Asia," Explorations in Economic History, Elsevier, vol. 89(C).
    22. Duc A. Nguyen & Steven Brakman & Harry Garretsen & Tristan Kohl, 2023. "What’s in a Name? Initial Geography and German Urban Development," CESifo Working Paper Series 10435, CESifo.
    23. David Krisztián Nagy, 2020. "Quantitative economic geography meets history: Questions, answers and challenges," Economics Working Papers 1774, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2021.

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    More about this item

    Keywords

    Trade; Economic history; Economic geography;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • N9 - Economic History - - Regional and Urban History

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