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

44 Pages Posted: 1 Mar 2010

See all articles by Oded Galor

Oded Galor

Brown University - Department of Economics; Centre for Economic Policy Research (CEPR)

Abstract

This article 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 prehistorical biogeographical conditions have generated on the composition of human capital and economic development across the globe.

Suggested Citation

Galor, Oded, The 2008 Lawrence R. Klein Lecture - Comparative Economic Development: Insights from Unified Growth Theory. International Economic Review, Vol. 51, No. 1, pp. 1-44, February 2010. Available at SSRN: https://ssrn.com/abstract=1560169 or http://dx.doi.org/10.1111/j.1468-2354.2009.00569.x

Oded Galor (Contact Author)

Brown University - Department of Economics ( email )

Providence, RI 02912
United States

HOME PAGE: http://www.econ.brown.edu/fac/Oded_Galor/

Centre for Economic Policy Research (CEPR)

London
United Kingdom

HOME PAGE: http://www.econ.brown.edu/fac/Oded_Galor/

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