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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
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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...
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factors. In particular, the level of genetic diversity within a society is found to have a hump-shaped effect on development …
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