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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. Galor, Oded & Michalopoulos, Stelios, 2012. "Evolution and the growth process: Natural selection of entrepreneurial traits," Journal of Economic Theory, Elsevier, vol. 147(2), pages 759-780.
  2. Ashraf, Quamrul & Galor, Oded, 2012. "The "Out of Africa" Hypothesis, Human Genetic Diversity, and Comparative Economic Development," IZA Discussion Papers 6330, Institute for the Study of Labor (IZA).
  3. Becker, Sascha & Francesco, Cinirella & Woessmann, Ludger, 2009. "The Trade-off between Fertility and Education: Evidence from before the Demographic Transition," Stirling Economics Discussion Papers 2009-17, University of Stirling, Division of Economics.
  4. 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.
  5. Gregory Clark, 2009. "The Macroeconomic Aggregates for England, 1209-2008," Working Papers 919, University of California, Davis, Department of Economics.
  6. Nick Netzer, 2009. "Evolution of Time Preferences and Attitudes toward Risk," American Economic Review, American Economic Association, vol. 99(3), pages 937-55, June.
  7. Spolaore, Enrico & Wacziarg, Romain, 2006. "The Diffusion of Development," CEPR Discussion Papers 5630, C.E.P.R. Discussion Papers.
  8. Galor, Oded & Moav, Omer, 2000. "Natural Selection and the Origin of Economic Growth," Arbetsrapport 2000:5, Institute for Futures Studies.
  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. 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.
  11. Hansson, Ingemar & Stuart, Charles, 1990. "Malthusian Selection of Preferences," American Economic Review, American Economic Association, vol. 80(3), pages 529-44, June.
  12. Jack Hirshleifer, 1977. "Economics from a Biological Viewpoint," UCLA Economics Working Papers 087, UCLA Department of Economics.
  13. 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.
  14. 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.
  15. 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.
  16. Gary S. Becker & Kevin M. Murphy & Robert F. Tamura, 1990. "Human Capital, Fertility, and Economic Growth," NBER Working Papers 3414, National Bureau of Economic Research, Inc.
  17. Oded Galor & Quamrul Ashraf, 2008. "Human Genetic Diversity and Comparative Economic Development," Working Papers 2008-3, Brown University, Department of Economics.
  18. 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.
  19. Rogers, Alan R, 1994. "Evolution of Time Preference by Natural Selection," American Economic Review, American Economic Association, vol. 84(3), pages 460-81, June.
  20. 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, May.
  21. Hirshleifer, Jack, 1977. "Economics from a Biological Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 1-52, April.
  22. 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.
  23. Larry Samuelson & Arthur J. Robson, 2007. "The Evolution of Intertemporal Preferences," American Economic Review, American Economic Association, vol. 97(2), pages 496-500, May.
  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, May.
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Cited by:
  1. Galor, Oded & Klemp, Marc, 2014. "Be Fruitful and Multiply? Moderate Fecundity and Long-Run Reproductive Success," IZA Discussion Papers 8025, Institute for the Study of Labor (IZA).

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