McDermott, Thomas K. J. - 2013
Zilibotti, 1997. Was Prometheus unbound by chance? Risk, diversification and growth. Journal of Political Economy 41, 709 … developed first, and which have lagged behind. An obvious potential source of “good vs bad draws” is environmental volatility … agricultural output.We use climate data and a finite mixture model - taking account of the bi-modality of the world income …