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Economic Growth And Evolution: Parental Preference For Quality And Quantity Of Offspring

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Author Info

  • Jason Collins

    (UWA Business School, The University of Western Australia)

  • Boris Baer

    (Plant Energy Biology ARC Centre of Excellence, The University of Western Australia)

  • Ernst Juerg Weber

    (UWA Business School, The University of Western Australia)

Abstract

This paper presents a quantitative analysis of the model developed in Galor and Moav, Natural Selection and the Origin of Economic Growth (2002), in which agents vary genetically in their preference for quality and quantity of children. We simulate a parametric form of the model, enabling examination of the transition from Malthusian stagnation to modern rates of economic growth. The simulations allow an assessment of the strength of the biological foundations of the model and demonstrate the susceptibility of the modern high-growth state to invasion by cheaters. Extending the model from two to three genotypes suggests the possibility of a return to Malthusian conditions rather than a permanent state of modern growth.

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File URL: http://www.business.uwa.edu.au/__data/assets/pdf_file/0009/1627326/11--5-Economic-Growth-and-Evolution-Parental-Preference-for-Quality-and-Quantity-of-Offspring.pdf
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Bibliographic Info

Paper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 11-05.

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Length: 40 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:uwa:wpaper:11-05

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Web page: http://www.business.uwa.edu.au/school/disciplines/economics
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References

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  1. Quamrul Ashraf & Oded Galor, 2010. "The "Out of Africa" Hypothesis, Human Genetic Diversity, and Comparative Economic Development," Center for Development Economics 2010-03, Department of Economics, Williams College, revised Jun 2011.
  2. Oded Galor & Stelios Michalopoulos, 2011. "Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits," NBER Working Papers 17075, National Bureau of Economic Research, Inc.
  3. Gregory Clark & Gillian Hamilton, 2006. "Survival of the Richest: The Malthusian Mechanism in Pre-Industrial England," Working Papers 615, University of California, Davis, Department of Economics.
  4. Sascha O. Becker & Francesco Cinnirella & Ludger Woessmann, 2009. "The Trade-off between Fertility and Education: Evidence from before the Demographic Transition," CESifo Working Paper Series 2775, CESifo Group Munich.
  5. George B. Roberts, Chairman, Universities-National Bureau Committee for Economic Research, 1960. "Demographic and Economic Change in Developed Countries," NBER Books, National Bureau of Economic Research, Inc, number univ60-2.
  6. Enrico Spolaore & Romain Wacziarg, 2007. "The Diffusion of Development," Discussion Papers Series, Department of Economics, Tufts University 0704, Department of Economics, Tufts University.
  7. Galor, Oded & Moav, Omer, 2000. "Natural Selection and the Origin of Economic Growth," Arbetsrapport 2000:5, Institute for Futures Studies.
  8. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
  9. Clark, Gregory & Cummins, Neil, 2010. "Malthus to Modernity: England’s First Fertility Transition, 1760-1800," MPRA Paper 25465, University Library of Munich, Germany.
  10. Gregory Clark & Neil Cummins, 2009. "Urbanization, Mortality, and Fertility in Malthusian England," American Economic Review, American Economic Association, vol. 99(2), pages 242-47, May.
  11. Oded Galor & Quamrul Ashraf, 2008. "Human Genetic Diversity and Comparative Economic Development," Working Papers 2008-3, Brown University, Department of Economics.
  12. Gregory Clark, 2005. "The Condition of the Working Class in England, 1209-2004," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1307-1340, December.
  13. Gregory Clark, 2009. "The Macroeconomic Aggregates for England, 1209-2008," Working Papers 919, University of California, Davis, Department of Economics.
  14. Rogers, Alan R, 1994. "Evolution of Time Preference by Natural Selection," American Economic Review, American Economic Association, vol. 84(3), pages 460-81, June.
  15. Larry Samuelson & Arthur J. Robson, 2007. "The Evolution of Intertemporal Preferences," American Economic Review, American Economic Association, vol. 97(2), pages 496-500, May.
  16. Nils-Petter Lagerlöf, 2006. "The Galor-Weil Model Revisited: A Quantitative Exercise," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 116-142, January.
  17. Arthur J. Robson & Balazs Szentes, 2008. "Evolution of Time Preference by Natural Selection: Comment," American Economic Review, American Economic Association, vol. 98(3), pages 1178-88, June.
  18. Nick Netzer, 2009. "Evolution of Time Preferences and Attitudes toward Risk," American Economic Review, American Economic Association, vol. 99(3), pages 937-55, June.
  19. Hansson, Ingemar & Stuart, Charles, 1990. "Malthusian Selection of Preferences," American Economic Review, American Economic Association, vol. 80(3), pages 529-44, June.
  20. Jack Hirshleifer, 1977. "Economics from a Biological Viewpoint," UCLA Economics Working Papers 087, UCLA Department of Economics.
  21. David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
  22. Hirshleifer, Jack, 1977. "Economics from a Biological Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 1-52, April.
  23. Rubin, Paul H & Paul, Chris W, II, 1979. "An Evolutionary Model of Taste for Risk," Economic Inquiry, Western Economic Association International, vol. 17(4), pages 585-96, October.
  24. Theodore W. Schultz, 1974. "Economics of the Family: Marriage, Children, and Human Capital," NBER Books, National Bureau of Economic Research, Inc, number schu74-1.
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Cited by:
  1. Oded Galor & Marc Klemp, 2013. "Be Fruitful and Multiply? Moderate Fecundity and Long-Run Reproductive Success," Working Papers 2013-10, Brown University, Department of Economics.

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