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 …

development, shedding new light on the sources of the remarkable rise in life expectancy since the Agricultural Revolution. The …

beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth …

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 …

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 …