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Galor, Oded; Zeira, Joseph - 2013

This paper analyzes the role of income distribution in macroeonomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation between income distribution and output, an economy...

Persistent link: https://www.econbiz.de/10010420262

Inclusive institutions and long-run misallocation

Galor, Oded; Munshiy, Kaivan; Wilson, Nicholas - 2013

This research advances the hypothesis that resource abundant economies characterized by a socially cohesive workforce and network externalities triggered the emergence of efficiency-enhancing inclusive institutions designed to restrict mobility and to enhance the attachment of community members...

Persistent link: https://www.econbiz.de/10010420274

Land inequality and the origin of divergence and overtaking in the growth process: Theory and evidence

Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2003

from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …

Persistent link: https://www.econbiz.de/10010318867

The neolithic revolution and contemporary variations in life expectancy

Galor, Oded; Moav, Omer - 2007

This research advances an evolutionary theory and provides empirical evidence that shed new light on the origins of contemporary differences in life expectancy across countries. The theory suggests that social, economic and environmental changes that were associated with the Neolithic Revolution...

Persistent link: https://www.econbiz.de/10010318875

Trading population for productivity

Galor, Oded; Mountford, Andrew - 2003

asymmetrically. The gains from trade were channeled towards population growth in non-industrial nations while in the industrial … nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … comparative disadvantage in the production of skilled intensive goods. The focus on the interaction between population growth and …

Persistent link: https://www.econbiz.de/10010318876

Trade and the great divergence: The family connection

Galor, Oded; Mountford, Andrew - 2006

towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …-industrial nations was channeled towards population growth. …

Persistent link: https://www.econbiz.de/10010318893

Natural selection and the evolution of life expectancy

Galor, Oded; Moav, Omer - 2004

This research develops an evolutionary growth theory that captures the intricate time path of life expectancy in the …

Persistent link: https://www.econbiz.de/10010318901

Land inequality and the emergence of human capital promoting institutions

Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2005

This research suggests that favorable geographical conditions, that were inherently associated with inequality in the distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public schooling and child labor regulations), and thus the...

Persistent link: https://www.econbiz.de/10010318918

Darwinian evolution of entrepreneurial spirit and the process of development

Galor, Oded; Michalopoulos, Stelios - 2006

evolutionary advantage to entrepreneurial, growth promoting traits and their increased representation accelerated the pace of … technological advancements and the process of economic development. Natural selection therefore had magnified growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contribution to the convergence of the …

Persistent link: https://www.econbiz.de/10010318965

Evolution and the growth process: Natural selection of entrepreneurial traits

Galor, Oded - 2011

evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …

Persistent link: https://www.econbiz.de/10010284032