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

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

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

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

Verkkothe rise and fall of the great powers:

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.

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