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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

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

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

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

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

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

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

Culture: Persistence and Evolution

Giavazzi, Francesco; Petkov, Ivan; Schiantarelli, Fabio - C.E.P.R. Discussion Papers - 2014

This paper presents evidence on the speed of evolution (or lack thereof) of a wide range of values and beliefs of …

Persistent link: https://www.econbiz.de/10011083563

Perceiving Prospects Properly

Steiner, Jakub; Stewart, Colin - C.E.P.R. Discussion Papers - 2014

When an agent chooses between prospects, noise in information processing generates an effect akin to the winner’s curse. Statistically unbiased perception systematically overvalues the chosen action because it fails to account for the possibility that noise is responsible for making the...

Persistent link: https://www.econbiz.de/10011083577

The Biocultural Origins of Human Capital Formation

Galor, Oded; Klemp, Marc P B - C.E.P.R. Discussion Papers - 2014

and the evolution of societies from an epoch of stagnation to sustained economic growth. …

Persistent link: https://www.econbiz.de/10011083757