The importance of the chronometer

24 Mar 2025 1 Comment

by Jim Rose in applied price theory, econometerics, economic history, industrial organisation, transport economics, urban economics Tags:

The chronometer, one of the greatest inventions of the modern era, allowed for the first time for the precise measurement of longitude at sea. We examine the impact of this innovation on navigation and urbanization. Our identification strategy leverages the fact that the navigational benefits provided by the chronometer varied across different sea regions depending […]

The importance of the chronometer

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