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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/10010197962
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Income distribution and macroeconomics
Galor, Oded; Zeira, Joseph - 2013 - Revised, September, 1989
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/10010207411
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The journey of humanity : roots of inequality in the wealth of nations
Galor, Oded - In: Economics and business review 6/20 (2020) 2, pp. 7-18
Persistent link: https://www.econbiz.de/10012550276
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Chapter 4 From Stagnation to Growth: Unified Growth Theory
Galor, Oded - 2005
The transition from stagnation to growth and the associated phenomenon of the great divergence have been the subject of … an intensive research in the growth literature in recent years. The discrepancy between the predictions of exogenous and … endogenous growth models and the process of development over most of human history, induced growth theorists to advance an …
Persistent link: https://www.econbiz.de/10014023783
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Inequality, human capital formation, and the process of development
Galor, Oded - 2011
Persistent link: https://www.econbiz.de/10009487928
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Inequality, human capital formation and the process of development
Galor, Oded - 2012
, in the presence of credit constraints, has stimulated human capital formation and growth. Moreover, unequal distribution … 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 …
Persistent link: https://www.econbiz.de/10009530757
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Inequality, human capital formation and the process of development
Galor, Oded - 2011
understanding of macroeconomic activity and the growth process. A metamorphosis in these perspectives has taken place in the past … on the growth process. -- Education ; Gender Gap ; Human capital ; Income distribution ; Inequality ; Development … ; Unified Growth Theory …
Persistent link: https://www.econbiz.de/10008908883
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Inequality, human capital formation and the process of development
Galor, Oded - 2011
Persistent link: https://www.econbiz.de/10009157653
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Inequality, Human Capital Formation and the Process of Development
Galor, Oded - 2011
, in the presence of credit constraints, has stimulated human capital formation and growth. Moreover, unequal distribution … 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 …
Persistent link: https://www.econbiz.de/10012461599
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Inequality, Human Capital Formation and the Process of Development
Galor, Oded - 2011
, in the presence of credit constraints, has stimulated human capital formation and growth. Moreover, unequal distribution … 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 …
Persistent link: https://www.econbiz.de/10013124856