Showing 1 - 10 of 14
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
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
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
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
and the evolution of societies from an epoch of stagnation to sustained economic growth. …
Persistent link: https://www.econbiz.de/10011083757
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...
Persistent link: https://www.econbiz.de/10011083828
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
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
This paper offers a theory of development which links the degree of market incompleteness to capital accumulation and … growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern …
Persistent link: https://www.econbiz.de/10005124312
early stages of development, the range of projects and the amount of information are limited and agency costs are high … investigation of the development of financial institutions. We contrast the information aggregation role of stock markets and … information production role of banks. Because the amount of available information increases with development, our model predicts …
Persistent link: https://www.econbiz.de/10005136536