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2008 Lawrence R. Klein Lecture -- Comparative Economic Development: Insights from Unified Growth Theory

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  • Galor, Oded

Abstract

This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the 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 convergence clubs, and it underlines the persistent effects that variations in pre-historical biogeographical conditions have generated on the composition of human capital and economic development across the globe.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7519.

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Date of creation: Oct 2009
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Handle: RePEc:cpr:ceprdp:7519

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Keywords: Comparative Development; Demographic Transition; Diversity; Globalization; Growth; Human Capital; Malthusian Stagnation; Technological Progress;

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Cited by:
  1. Quamrul Ashraf & Oded Galor, 2010. "The "Out of Africa" Hypothesis, Human Genetic Diversity, and Comparative Economic Development," Working Papers 2010-7, Brown University, Department of Economics.
  2. Ahmed S. Rahman, 2010. "An Exceptionally Simple Theory of Industrialization," Departmental Working Papers 27, United States Naval Academy Department of Economics.
  3. Klaus Desmet & Stephen Parente, 2012. "The evolution of markets and the revolution of industry: a unified theory of growth," Journal of Economic Growth, Springer, vol. 17(3), pages 205-234, September.
  4. Bluedorn, John C. & Valentinyi, Akos & Vlassopoulos, Michael, 2009. "The Long-Lived Effects of Historic Climate on the Wealth of Nations," MPRA Paper 18701, University Library of Munich, Germany.
  5. Lombardo, Vincenzo, 2012. "Social inclusion and the emergence of development traps," MPRA Paper 36766, University Library of Munich, Germany.
  6. Alexander Rathke & Samad Sarferaz, 2010. "Malthus was right: new evidence from a time-varying VAR," IEW - Working Papers 477, Institute for Empirical Research in Economics - University of Zurich.

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