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Income Distribution and Macroeconomics
Galor, Oded; Zeira, Joseph - Brown University, Department of Economics - 2013
This paper analyzes the role of income distribution in macroeconomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the conelation between income distribution and output, an economy...
Persistent link: https://www.econbiz.de/10011196602
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Be Fruitful and Multiply? Moderate Fecundity and Long-Run Reproductive Success
Galor, Oded; Klemp, Marc - Brown University, Department of Economics - 2013
of societies from an epoch of stagnation to sustained economic growth. …
Persistent link: https://www.econbiz.de/10011196604
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Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits
Galor, Oded; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 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/10009002382
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Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits
Galor, Oded; Michalopoulos, Stelios - Brown University, Department of Economics - 2011
-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting traits generated an …- minishing the growth potential of advanced economies and contributing to convergence in economic growth across countries. …
Persistent link: https://www.econbiz.de/10009003238
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Income Distribution and Macroeconomics
Galor, Oded; Zeira, Joseph - Volkswirtschaftliche Fakultät, … - 1988
This paper analyzes the role of income distribution in macroeconomic 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/10011109703
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Inclusive Institutions and Long-Run Misallocation
Galor, Oded; Munshi, Kaivan; Wilson, Nicolas - Volkswirtschaftliche Fakultät, … - 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/10011110541
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Be Fruitful and Multiply? Moderate Fecundity and Long-Run Reproductive Success
Galor, Oded; Klemp, Marc - Volkswirtschaftliche Fakultät, … - 2013
of societies from an epoch of stagnation to sustained economic growth. …
Persistent link: https://www.econbiz.de/10011110672
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Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits
Galor, Oded; Michalopoulos, Stelios - School of Social Science, Institute for Advanced Study - 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/10009644116
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Inequality, Human Capital Formation and the Process of Development
Galor, Oded - Institute for the Study of Labor (IZA) - 2012
for growth, the neoclassical paradigm dismissed the classical hypothesis and suggested that income distribution has … limited role in the growth process. A metamorphosis in these perspectives has taken place in the past two decades. Theory and … growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity …
Persistent link: https://www.econbiz.de/10009646300
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Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits
Galor, Oded; Michalopoulos, Stelios - Institute for the Study of Labor (IZA) - 2012
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/10009646338