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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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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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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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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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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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Income distribution and macroeconomics
Galor, Oded; Zeira, Joseph - 2013
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/10010420262
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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/10010420274
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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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The neolithic revolution and contemporary variations in life expectancy
Galor, Oded; Moav, Omer - 2007
This research advances an evolutionary theory and provides empirical evidence that shed new light on the origins of contemporary differences in life expectancy across countries. The theory suggests that social, economic and environmental changes that were associated with the Neolithic Revolution...
Persistent link: https://www.econbiz.de/10010318875