Evolution and the growth process: Natural selection of entrepreneurial traits

被引:65
作者
Galor, Oded [1 ]
Michalopoulos, Stelios [2 ,3 ]
机构
[1] Brown Univ, Dept Econ, Providence, RI 02912 USA
[2] Tufts Univ, Medford, MA 02155 USA
[3] Inst Adv Study, Princeton, NJ 08540 USA
关键词
Risk aversion; Growth; Technological progress; Evolution; Natural selection; MALTHUSIAN STAGNATION; TESTOSTERONE; FERTILITY; BEHAVIOR; MARKETS;
D O I
10.1016/j.jet.2011.04.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
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, lit 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. (C) 2011 Elsevier Inc. All rights reserved.
引用
收藏
页码:759 / 780
页数:22
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