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

Oded Galor

No 7519, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from 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 effects that variations in pre-historical biogeographical conditions have generated on the composition of human capital and economic development across the globe.

Keywords: Comparative development; Demographic transition; Diversity; Globalization; Growth; Human capital; Malthusian stagnation; Technological progress (search for similar items in EconPapers)
JEL-codes: F40 J10 J13 N0 O11 O14 O15 O33 O40 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-fdg
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: THE 2008 LAWRENCE R. KLEIN LECTURE-COMPARATIVE ECONOMIC DEVELOPMENT: INSIGHTS FROM UNIFIED GROWTH THEORY (2010)
Working Paper: 2008 Lawrence R. Klein Lecture ñComparative Economic Development: Insights from Unified Growth Theory (2009)
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