Verkkoin this paper, we collect novel data on the rise and fall of empires over the last 5000 years, construct a measure of accumulated imperial capital.

Verkkothe last two centuries witnessed the rise and fall of empires.

History has witnessed the rise and fall of empires, defined as large territorial states imposing a common set of institutions across their domain.

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Economic change and military conflict from 1500 to 2000, by paul kennedy, first published in 1987, explores the politics and.

We construct a model which rationalises this in terms of the changing trade gains from empires.

Verkkothe rise and fall of the great powers:

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