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The Demographic Transition and the Emergence of Sustained Economic Growth
Galor, Oded - C.E.P.R. Discussion Papers - 2004
The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...
Persistent link: https://www.econbiz.de/10005662096
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Selection of Boundedly Rational Firms and the Allocation of Resources
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2006
I study how savers allocate funds between boundedly rational firms which follow simple pricing rules. Firms need cash to pay their inputs in advance, and savers-shareholders allocate cash between them so as to maximize their rate of return. When the rate of return on each firm is observed, there...
Persistent link: https://www.econbiz.de/10005666616
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Natural Selection and the Origin of Economic Growth
Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 2001
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population … that shaped the evolution of the human species, whereas the evolution of the human species was the origin of the take …
Persistent link: https://www.econbiz.de/10005666934
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The Evolution of Entrepreneurial Spirit and the Process of Development
Galor, Oded; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2006
economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit …This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of … evolved non-monotonically in the course of human history. In early stages of development, the rise in income generated an …
Persistent link: https://www.econbiz.de/10005136732
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From Stagnation to Growth: Unified Growth Theory
Galor, Oded - C.E.P.R. Discussion Papers - 2004
This Paper examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic … growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per … has been widely viewed as one of the most significant challenges facing researchers in the field of growth and development …
Persistent link: https://www.econbiz.de/10005497992
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Natural Selection and the Evolution of Life Expectancy
Galor, Oded; Moav, Omer - C.E.P.R. Discussion Papers - 2005
development, shedding new light on the sources of the remarkable rise in life expectancy since the Agricultural Revolution. The …
Persistent link: https://www.econbiz.de/10005498168
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Keeping Up With the Joneses: Competition and the Evolution of Collusion in an Oligopolistic Economy
Dixon, Huw David - C.E.P.R. Discussion Papers - 1998
An economy consists of many duopolistic markets. Firms must earn normal profits in the long run if they are to survive. Normal profits are interpreted as the long-run limit of average profits in the whole economy. We adopt the aspiration based model of firm behaviour, and link it to the economy...
Persistent link: https://www.econbiz.de/10005504330
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On Market Forces and Human Evolution
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002
This Paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …
Persistent link: https://www.econbiz.de/10005504779
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Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits
Galor, Oded; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2011
This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of … economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit … evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting …
Persistent link: https://www.econbiz.de/10009002382
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How Darwinian should an economy be?
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2014
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mecanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10011093687