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

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Abstract

This paper explores the implications of Uni.ed Growth Theory for the origins of existing di¤erences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identi.es the factors that have governed the pace of the transitionfrom 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 e¤ects 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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  • Oded Galor, 2009. "2008 Lawrence R. Klein Lecture –Comparative Economic Development: Insights from Unified Growth Theory," Working Papers 2009-10, Brown University, Department of Economics.
  • Handle: RePEc:bro:econwp:2009-10
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    Cited by:

    1. 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.
    2. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 1_2012, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    3. Bluedorn, John & Valentinyi, Akos & Vlassopoulos, Michael, 2009. "The Long-Lived Effects of Historic Climate on the Wealth of Nations," CEPR Discussion Papers 7572, C.E.P.R. Discussion Papers.
    4. Quamrul Ashraf & Oded Galor, 2013. "The 'Out of Africa' Hypothesis, Human Genetic Diversity, and Comparative Economic Development," American Economic Review, American Economic Association, vol. 103(1), pages 1-46, February.
    5. Ron W. NIELSEN, 2016. "Mathematical Analysis of the Historical Economic Growth with a Search for Takeoffs from Stagnation to Growth," Journal of Economics Library, KSP Journals, vol. 3(1), pages 1-23, March.
    6. Ahmed S. Rahman, 2010. "An Exceptionally Simple Theory of Industrialization," Departmental Working Papers 27, United States Naval Academy Department of Economics.
    7. 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.
    8. Ron W. NIELSEN, 2016. "Unified Growth Theory Contradicted by the Mathematical Analysis of the Historical Growth of Human Population," Journal of Economics and Political Economy, KSP Journals, vol. 3(2), pages 242-263, June.

    More about this item

    Keywords

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

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • N0 - Economic History - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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