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Climatic Roots of Loss Aversion
Galor, Oded; Savitskiy, Viacheslav - 2018
This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...
Persistent link: https://www.econbiz.de/10011931781
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Climatic Roots of Loss Aversion
Galor, Oded; Savitskiy, Viacheslav - 2018
This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...
Persistent link: https://www.econbiz.de/10011815810
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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
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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
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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
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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
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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
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Evolution and the growth process: Natural selection of entrepreneurial traits
Galor, Oded; Michalopoulos, Stelios - 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/10010282576
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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
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2008 Lawrence R. Klein lecture - Comparative economic development: Insights from unified growth theory
Galor, Oded - 2009
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …
Persistent link: https://www.econbiz.de/10010284035