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This paper exploits cross-country variation in the degree of geographical isolation, prior to the advent of sea-faring and airborne transportation technologies, to examine its impact on the course of economic development across the globe. The empirical investigation establishes that prehistoric...
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This research argues that the differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and population across the globe. In developed countries the gains from trade have been directed towards investment...
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This paper empirically tests the predictions of the Malthusian theory with respect to both population dynamics and income per capita stagnation in the pre-Industrial Revolution era. The theory suggests that improvements in technology during this period generated only temporary gains in income...
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This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10003897830
factors. In particular, the level of genetic diversity within a society is found to have a hump-shaped effect on development …
Persistent link: https://www.econbiz.de/10008669250