• Media type: E-Book
  • Title: Evolution and the Growth Process : Natural Selection of Entrepreneurial Traits
  • Contributor: Galor, Oded [Author]; Michalopoulos, Stelios [Other]
  • Published: [S.l.]: SSRN, [2011]
  • Published in: NBER Working Paper ; No. w17075
  • Extent: 1 Online-Ressource (30 p)
  • Language: English
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2011 erstellt
  • Description: This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting traits generated an evolutionary advantage and their increased representation accelerated the pace of technological progress and the process of economic development. In mature stages of development, however, risk-averse traits gained an evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth across countries
  • Access State: Open Access