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

Oded Galor

No 2009-10, Working Papers from Brown University, Department of Economics

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.

Keywords: Growth; Comparative Development; Globalization; Technological Progress; Demographic Transition; Diversity; Human Capital; Malthusian Stagnation (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-dev and nep-fdg
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Citations: View citations in EconPapers (9)

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Journal Article: THE 2008 LAWRENCE R. KLEIN LECTURE-COMPARATIVE ECONOMIC DEVELOPMENT: INSIGHTS FROM UNIFIED GROWTH THEORY (2010)
Working Paper: 2008 Lawrence R. Klein Lecture -- Comparative Economic Development: Insights from Unified Growth Theory (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:bro:econwp:2009-10

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