relationship according to which democracy is a determinant of economic development? Or is it, conversely, economic development that … terms of a rule of law. On the other hand do democracies not simply arise as consequence of economic development, but …

different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …

growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity … to save is higher. In later stages of development, however, as human capital has become a main engine of growth, equality …Conventional wisdom about the relationship between income distribution and economic development has been subjected to …

different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected … based on their cultural and institutional compatibility and not their unforeseen growth implications. We simulate our growth … previous growth-theoretic models to highlight that transitions can transpire even in the absence of exogenous productivity …

African agriculture's importance for sustainable development is well appreciated. Indeed, recent years have seen a … physical resources across occupations and space, and without which agriculture and industrial development, and hence structural … development policies and further research are outlined. …

This paper examines the role of human capital persistence in explaining long-term development. We exploit variation …

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …