Evolution of Innovation-Driven Growth

Angus Chu and Pietro F. Peretto

Chapter 10 in Human Origins and Evolution in a Malthusian Economy, 2025, pp 111-126 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In the previous chapter, we consider an environment with homogeneous agents in each generation. In this chapter, we allow for heterogeneity across families to explore how the evolutionary process continues to affect innovation and technological progress in modern times. People have different levels of ability, so heterogeneity in education ability matters for human capital formation and gives rise to endogenous heterogeneity in fertility. How would the resulting evolutionary process influence technological progress and economic growth? To explore this question, we extend the Romer model with endogenous fertility in the previous chapter to allow for heterogeneous agents who differ in the ability to educate their children…

Keywords: Human Origins; Human Evolution; Malthusian Growth Theory; Natural Selection; Human Brain Size Evolution; Prehistoric Human Migration; Migration Out of Africa; Extinction of Archaic Humans; Neolithic Revolution; Political Fragmentation and Unification; Industrial Revolution; Technological Progress; Innovation; Education (search for similar items in EconPapers)
JEL-codes: D64 J11 N10 O10 (search for similar items in EconPapers)
Date: 2025
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