 | Herbert H. Goldberger Professor of Economics, Brown University Verified email at brown.edu Cited by 11039 |
O Galor… - The Review of Economic Studies, 1993 - restud.oxfordjournals.org
Abstract This paper analyzes the role of wealth distribution in macroeconomics through
investment in human capital. It is shown that in the presence of credit markets' imperfections
and indivisibilities in investment in human capital, the initial distribution of wealth affects ...
This paper develops a unified model of growth, population, and technological progress that
is consistent with long-term historical evidence. The economy endogenously evolves
through three phases. In the Malthusian regime, population growth is positively related to ...
This paper examines a novel mechanism linking fertility and growth. Household fertility is
determined by relative wages of women and men. Increasing women's wages reduces
fertility by raising the cost of children relatively more than household income. Lower fertility ...
O Galor - The Economic Journal, 1996 - JSTOR
This essay suggests that the convergence controversy may reflect, in part, differences in
perception regarding the viable set of competing testable hypotheses generated by existing
growth theories. It argues that in contrast to the prevailing wisdom, the traditional ...
O Galor - Handbook of economic growth, 2005 - Elsevier
Abstract The transition from stagnation to growth and the associated phenomenon of the
great divergence have been the subject of an intensive research in the growth literature in
recent years. The discrepancy between the predictions of exogenous and endogenous ...
O Galor… - The American Economic Review, 1997 - JSTOR
This paper analyzes the relationship between technological progress, wage inequality,
intergenerational earnings mobility, and economic growth. In periods of major technological
inventions, a decline in the relative importance of initial conditions raises inequality, ...
O Galor… - The Quarterly Journal of Economics, 2000 - qje.oxfordjournals.org
Abstract This paper develops a growth model characterized by ability-biased technological
transition in which the evolution of technology, education attainment, and wage inequality is
consistent with the observed pattern in the United States and other advanced countries ...
O Galor… - The Quarterly Journal of Economics, 2002 - qje.oxfordjournals.org
Abstract This research develops an evolutionary growth theory that captures the interplay
between the evolution of mankind and economic growth since the emergence of the human
species. The theory suggests that the struggle for survival that had characterized most of ...
N Sicherman… - Journal of political economy, 1990 - JSTOR
This paper analyzes theoretically and empirically the role and significance of occupational
mobility in the labor market focusing on individuals' careers. It provides additional
dimensions to the analysis of investment in human capital, wage differences across ...
O Galor… - Review of Economic Studies, 2004 - Wiley Online Library
This paper develops a growth theory that captures the replacement of physical capital
accumulation by human capital accumulation as a prime engine of growth along the process
of development. It argues that the positive impact of inequality on the growth process was ...
O Galor… - Journal of Economic Growth, 1997 - Springer
This paper analyzes the interaction between the distributionof human capital, technological
progress, and economic growth. It argues that the composition of human capital is an
importantfactor in the determination of the pattern of economic development. The study ...
O Galor… - The American economic review, 1999 - JSTOR
This paper examines the historical evolution of the relationship among population growth,
technological change, and the standard of living. It considers several unified models that
encompass the transition between three distinct regimes that have characterized the ...
O Galor… - Review of Economic Studies, 2006 - Wiley Online Library
This paper suggests that the demise of the capitalists–workers class structure was a socio-
economic transformation orchestrated by the capitalists in reaction to the increasing
importance of human capital in sustaining their profit rates. Physical capital accumulation ...
O Galor… - Journal of Economic Theory, 1989 - Elsevier
Abstract This paper analyzes the existence, uniqueness, and stability of a steady-state
equilibrium in an overlapping-generations model with productive capital. It is shown that for
any feasible set of well-behaved preferences there exists a production function that ...
O Galor,
O Moav… - Review of Economic Studies, 2009 - Wiley Online Library
This paper suggests that inequality in the distribution of landownership adversely affected
the emergence of human-capital promoting institutions (eg. public schooling), and thus the
pace and the nature of the transition from an agricultural to an industrial economy, ...
O Galor… - International Economic Review, 1990 - JSTOR
This paper highlights a difference between migrants and the native-born, namely, a positive
probability of return migration. The analysis demonstrates that this probability results in
migrants saving more than comparable native-born. This differential may explain why, ...
O Galor - Econometrica: Journal of the Econometric Society, 1992 - JSTOR
This paper develops a two-sector overlapping-generations model. It characterizes the
dynamical system globally and establishes sufficient conditions for the existence of a
globally unique perfect-foresight equilibrium. The paper provides therefore a useful ...
This study develops a general equilibrium model in which the evolution of income inequality
and output conforms with the Kuznets hypothesis. The paper presents a novel endogenous
mechanism that generates the inverted-U relation between income inequality and per ...
O Galor… - Review of Economic Studies, 2008 - Wiley Online Library
This research argues that the differential effect of international trade on the demand for
human capital across countries has been a major determinant of the distribution of income
and population across the globe. In developed countries the gains from trade have been ...
O Galor - Journal of Economic Theory, 1986 - Elsevier
Abstract This paper analyzes the pattern and welfare implications of international labor
migration within a dynamic general equilibrium model. In a two-country overlapping
generations world, labor migrates unilaterally from the high (low) to the low (high) time ...
O Galor… - Journal of Development Economics, 1991 - Elsevier
Abstract This paper demonstrates that differences in earnings between migrants and the
native population may reflect differences in incentives rather than differences in
characteristics. The analysis indicates that in the presence of a positive probability of ...
O Galor… - The American economic review, 2006 - JSTOR
The last two centuries have been characterized by dramatic changes in the distribution of
income and population across the globe. While Western European economies have tripled
their domination over Asian countries in terms of income per capita, significant resources ...
O Galor… - Japan and the world economy, 1997 - Elsevier
The theoretical analysis demonstrates that due to borrowing constraints countries with
smaller average family size and with more equal distribution of income attain higher per-
worker (per-capita) output. The empirical analysis shows that the combined effect of ...
O Galor - Journal of the European Economic Association, 2005 - Wiley Online Library
Abstract The demographic transition that swept the world in the course of the last century
has been identified as one of the prime forces in the transition from stagnation to growth. The
unprecedented increase in population growth during the early stages of industrialization ...
Abstract: This research suggests that the distribution of land within and across countries
affected the nature of the transition from an agrarian to an industrial economy, generating
diverging growth patterns across countries. Land abundance, which was beneficial in ...
O Galor - European Economic Review, 2000 - Elsevier
This paper examines the evolution of the role of income distribution in the process of
development. It presents a unified model that encompasses the transition between distinct
regimes that have characterized the relationship between income inequality and the ...
Abstract This research advances an evolutionary growth theory that captures the pattern of
life expectancy in the process of development, shedding new light on the sources of the
remarkable rise in life expectancy since the Agricultural Revolution. The theory suggests ...
O Galor, HM Polemarchakis - The Review of …, 1987 - restud.oxfordjournals.org
Abstract The transfer paradox may occur in a world with only two countries at a dynamically
stable intertemporal competitive equilibrium. In a framework of overlapping generations with
production and investment, a transfer of income may immiserize the recipient while ...
O Galor… - Brown University Working Paper No. 38-01, 2004 - papers.ssrn.com
Abstract: This research argues that the rapid expansion of international trade in the second
phase of the industrial revolution has played a significant role in the timing of demographic
transitions across countries and has thereby been a major determinant of the distribution ...
Abstract Human capital accumulation by the poor is only possible given a minimum level of
health and well-being. When families cannot invest in basic needs and health care, and
policies ensuring alternative financing are not applied, a poverty trap exists with low ...
O Galor… - Journal of Population Economics, 1991 - Springer
In this paper we analyze the patterns of international labor migration in a two-country world
where one country's production technology is superior to that of the other country. We exploit
an overlapping-generations model which enables us to trace the relevant dynamic ...
Q Ashraf… - CEPR Discussion Paper No. DP6444, 2007 - papers.ssrn.com
Abstract: This research argues that variations in the interplay between cultural assimilation
and cultural diffusion have played a significant role in giving rise to differential patterns of
economic development across the globe. Societies that were geographically less ...
[CITATION] Migration, human capital formation, and long-run output
O Galor… - Migration: A Challenge for Europe, Tübingen: Mohr, 1994
O Galor… - Economics Letters, 1991 - Elsevier
Abstract This paper establishes sufficient technological conditions under which, for any
feasible set of well-behaved preferences, stationary over-investment relative to the Golden
Rule is ruled out and the economy's steady-state equilibria are therefore dynamically ...
O Galor,
O Moav… - Development and Comp Systems, 2005 - brown.edu
Abstract This research suggests that favorable geographical conditions, that were inherently
associated with inequality in the distribution of land ownership, adversely affected the
implementation of human capital promoting institutions (eg, public schooling and child ...
O Galor… - CEPR Discussion Papers, 1994 - ideas.repec.org
This paper analyses the interaction between the distribution of human capital, technological
progress, and economic growth. It demonstrates the significant role of the distribution of
human capital in the process of economic development. The evolutionary pattern of the ...
O Galor - International Economic Review, 1994 - JSTOR
This paper analyzes the welfare implications of an import tariff for a small overlapping-
generations economy. The study analyzes the role of income redistribution, induced by the
imposition of a tariff, in the determination of the time path of welfare levels. It is shown that ...
Abstract: This research argues that international trade has played a significant role in the
timing of demographic transitions across countries and has thereby been a major
determinant of the distribution of world population and a prime cause of sustained ...
O Galor - International Economic Review, 2010 - Wiley Online Library
Galor, O.(2010), THE 2008 LAWRENCE R. KLEIN LECTURE—COMPARATIVE ECONOMIC
DEVELOPMENT: INSIGHTS FROM UNIFIED GROWTH THEORY. International Economic
Review, 51: 1–44. doi: 10.1111/j. 1468-2354.2009. 00569. x
O Galor… - European Economic Review, 2001 - Elsevier
This paper presents an evolutionary growth theory that captures the interplay between the
evolution of mankind and economic growth since the emergence of the human species. This
unified theory encompasses the observed evolution of population, technology and income ...
Q Ashraf… - 2008 - papers.ssrn.com
Abstract: This paper empirically tests the predictions of the Malthusian theory with respect to
both population dynamics and income per capita stagnation in the pre-Industrial Revolution
era. The theory suggests that improvements in technology during this period generated ...
O Galor, S Michalopoulos… - 2006 - papers.ssrn.com
Abstract: This research suggests that the evolution of entrepreneurial spirit played a
significant role in the process of economic development and the evolution of inequality
within and across societies. The study argues that entrepreneurial spirit evolved non- ...
Q Ashraf… - 2008 - nber.org
Abstract This research contributes to the understanding of human genetic diversity within a
society as a significant determinant of its economic development. The hypothesis advanced
and empirically examined in this paper suggests that there are socioeconomic trade-offs ...
K Flug… - International Economic Review, 1986 - JSTOR
International trade and development economists have both been interested in the impact of
factor market distortions on comparative advantage. Among the principal contributions to this
area of analysis have been Brecher's [1974a, 1974b] theoretical incorporation of a ...
This paper develops the theoretical foundations and the testable implications of the various
mechanisms that have been proposed as possible triggers for the demographic transition.
Moreover, it examines the empirical validity of each of the theories and their significance ...
O Galor - Journal of Population Economics, 1992 - Springer
This paper compares the steady-state welfare implications of opening a two-country
overlapping-generations world to international labor or capital mobility. By capturing the
dual nature of labor mobility through the effect of migrants' savings on capital formation, ...
O Galor - Journal of Macroeconomics, 2007 - Elsevier
Unified growth theory uncovers the forces that contributed to the existence of multiple growth
regimes and the emergence of convergence clubs. It suggests that differential timing of take-
offs from stagnation to growth segmented economies into three fundamental regimes: ...
[CITATION] Divergence and overtaking: Land abundance as a hurdle for education reform
O Galor, O Moav… - Department of Econom ics Working Paper, 2002
Abstract This research argues that the rapid expansion of international trade in the second
phase of the industrial revolution has played a significant role in the timing of demographic
transitions across countries and has thereby been a major determinant of the distribution ...
Abstract This research advances an evolutionary theory and provides empirical evidence
that shed new light on the origins of contemporary differences in life expectancy across
countries. The theory suggests that social, economic and environmental changes that ...
Q Ashraf… - working manuscript, Brown University, 2008 - brown.edu
Abstract This paper empirically tests the existence of Malthusian population dynamics in the
pre (Industrial Revolution era. The theory suggests that, during the agricultural stage of
development, resource surpluses beyond the maintenance of subsistence consumption ...
H Dellas… - International Economic Review, 1992 - JSTOR
This paper analyzes strategies for economic growth in a small, open, overlapping-
generations economy which has access to perfect international capital markets and is
characterized in autarky by multiple, locally stable, stationary equilibria. The study designs ...
Abstract: This research develops an evolutionary growth theory that captures the interplay
between the evolution of mankind and economic growth since the emergence of the human
species. This unified theory encompasses the observed evolution of population, ...
O Galor - Journal of International Economics, 1986 - Elsevier
Abstract This paper demonstrates that decentralized behavior, reflected in non-coordinated
resource pricing and investment strategies, may lead to global dynamic inefficiency. It is
shown that in a North-South world capital accumulation in the North reduces the social ...
Conventional wisdom about the relationship between income distribution and economic
development has been subjected to dramatic transformations in the past century. While
classical economists advanced the hypothesis that inequality is beneficial for growth, the ...
[CITATION] Unified growth theory: from stagnation to growth
O Galor - Handbook of Economic Growth, Elsevier: Amsterdam, 2005
Q Ashraf… - 2011 - nber.org
This research argues that deep-rooted factors, determined tens of thousands of years ago,
had a significant effect on the course of economic development from the dawn of human
civilization to the contemporary era. It advances and empirically establishes the ...
O Galor… - International Economic Review, 1994 - JSTOR
This paper suggests that the recent intertemporal studies concerning the implications of
terms-of-trade deterioration on the current account of a small open economy, may suffer from
significant methodological deficiencies. The study demonstrates that while the assumption ...
O Galor… - Economics Letters, 1991 - Elsevier
Abstract This paper attempts to explain why countries which maintain identical economic
conditions at different points in time do not necessarily enjoy a similar path of output growth
thereafter. The paper develops a simple model where timing is a significant element of ...
O Galor… - CEPR Discussion Papers, 1998 - ideas.repec.org
This paper develops a growth model in which the endogenous evolution of technological
progress and wage inequality is consistent with the observed pattern in the United States
and several European economies in the last two centuries. The model accounts for: a) the ...
[CITATION] Dynamic foundations for the factor endowment model of international trade
O Galor… - Dynamics, Economic Growth, and International Trade, 1997
O Galor… - Brown University Department of …, 2007 - economics.sas.upenn.edu
Abstract This research advances an evolutionary theory and provides empirical evidence
that shed new light on the origins of contemporary differences in life expectancy across
countries. The theory suggests that social, economic and environmental changes that ...
O Galor - International Economic Review, 1988 - JSTOR
This paper studies the steady-state welfare implications of a Hicks-neutral technical
progress, or alternatively, of an international transfer of a Hicks-neutral superior technology.
The analysis indicates that producers are induced by profit motives to adopt the advanced ...
O Galor… - International Economic Review, 1990 - JSTOR
This paper constructs an overlapping-generations model in which the steady-state
equilibrium is characterized by the existence of search unemployment. This dynamic
general equilibrium model captures the possible existence of search unemployment, in ...
O Galor - Inequality and Economic Development: The Modern …, 2009 - brown.edu
Conventional wisdom about the relationship between income distribution and economic development
has been subjected to dramatic transformation in the past century. While the Classical economists
advanced the hypothesis that inequality is beneficial for economic development, the ...
[CITATION] Cultural Assimilation
Q Ashraf… - Cultural Diffusion and, 2007
Abstract This research suggests that the distribution of land within and across countries and
its impact on the nature of the transition from an agrarian to an industrial economy have
been a prime determinate of sustained differences in human capital, income levels, and ...
O Galor - Macroeconomics, 2004 - ideas.repec.org
This manuscript analyzes the fundamental factors that govern the qualitative behavior of
discrete dynamical systems. It introduces methods of analysis for stability analysis of discrete
dynamical systems. The analysis focuses initially on the derivation of basic propositions ...
O Galor… - Working Papers, 2007 - econpapers.repec.org
Related works: Working Paper: Cultural Assimilation, Cultural Diffusion and the Origin of the
Wealth of Nations (2007) This item may be available elsewhere in EconPapers: Search for items
with the same title. ... This site is part of RePEc and all the data displayed here is part of ...
O Galor… - International Economic Review, 1992 - JSTOR
This paper analyzes the effects of transitory productivity shocks on long-run output. The
study demonstrates that, despite its transitory nature, an adverse productivity shock may
result in lower long-run output. A fall in productivity reduces output and savings, and ...
[CITATION] Trade Patterns in A Two-sector Overlapping-generations Model
O Galor… - 1989 - Working Paper
[CITATION] Trade and the Great Divergence: Theory and Evidence
O Galor… - Review of Economic Studies, 2008
O Galor… - Journal of Economic Theory, 2011 - Elsevier
Abstract This research suggests that the 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- ...
Q Ashraf, Ö Özak… - Journal of the European …, 2010 - Wiley Online Library
Abstract This paper exploits cross-country variation in the degree of geographical isolation,
prior to the advent of seafaring and airborne transportation technologies, to examine its
impact on the course of economic development across the globe. The empirical ...
[CITATION] The Gender gap, Fertility and Economic Growth
O Galor… - The American Economic Review, 1996
[CITATION] Trade, Demographic Patterns and the Great Divergence: Why are One Third of People Indian or Chinese?
O Galor… - unpublished, Brown University, 2003
[CITATION] Multiplicity of Locally Stable Steady-State Equilibria in an Overlapping-Generations Model with Productive Capital: Characterization of CES Production …
O Galor… - Department of Economics, Brown University, 1988
[CITATION] Income distribution and international trade
O Galor… - unpublished, Brown University (April 1996), 1996
O Galor… - 1988 - research.chicagobooth.edu
ABSTRACT This paper analyzes the role as well as the significance of the phenomenon of
occupational mobility in the labor market focusing on individuals' careers. The study
provides an additional dimension to the existing analysis of prominent labor market ...
[CITATION] Inequality and economic development
[CITATION] From Physical to Human Capital Accumulation: Inequality and the Process of Development [J]
G Oded… - Review of Economic Studies, 2004
O Galor, O Maov… - GE, Growth, Math methods, 2005 - 129.3.20.41
Abstract This research suggests that favorable geographical conditions, that were inherently
associated with inequality in the distribution of land ownership, adversely affected the
implementation of human capital promoting institutions (eg, public schooling and child ...
[CITATION] The Transition from Stagnation to the Growth
O Galor - The Handbook of Economic Growth, 2005
[CITATION] Income Distribution and Economic Growth
O Galor… - 1988 - Brown University Working Paper
O Galor, O Stark… - 1993 - ihs.ac.at
When education and skills are more abundant, countries produce more. Although the close
link between investment in human capital, per capita income, and growth is well
documented (eg, Lucas (1988), Romer (1989), Azariadis and Drazen (1990), Ehrlich and ...
[CITATION] The economic performance of migrants and the probability of return migration
O Galor, O Stark… - 1988 - Migration and Development …
[CITATION] The probability of return migration, migrants' work effort, and migrants' perfonnance'
O Stark… - Oded Stark, The Migration of Labor, Basil Blackwell, 1991
[CITATION] Why are a third of people Indian and Chinese? Trade, demographic patterns and the great divergence
O Galor… - Brown University, 2003
[CITATION] Mountford.(2008)
O Galor - Trading Population for Productivity: Theory and …
[CITATION] Income Distribution and Investment in Human Capital: Macroeconomic Implications
O Galor, J Zeira… - 1988 - The Hebrew University of Jerusalem, …
[CITATION] From stagnation to growth: Unified growth theory, ch. 4 in Handbook of Economic Growth, Philippe Aghion and Steven Durlauf, eds
O Galor - 2005
[CITATION] Trading Population for Productivity [J]
G Oded… - 2004 - Working Paper
O Galor… - Working Papers, 2008 - ideas.repec.org
This research contributes to the understanding of human genetic diversity within a society as
a significant determinant of its economic development. The hypothesis advanced and
empirically examined in this paper suggests that there are socioeconomic trade-offs ...
[CITATION] Natural Selection and the Origin of Economic Growth.• Arbetsrapport
O Galor… - Institutet för Framtidsstudier, 2000
[CITATION] lFrom Physical to Human Capital Accumulation: Inequality in the Process of Development. mReview of Economic Studies
O Galor… - 2004 - October
[CITATION] From Stagnation to Growth: Unified Growth Theory [J], Handbook of Economic Growth [C]
G Oded - 2005 - North-Holland
[CITATION] Handbook of Economic Growth, Vol. 1A
O Galor, P Aghion… - 2006
[CITATION] Is Free Trade Indeed Optimal for a Small Economy? A Dynamic General Equilibrium Analysis
O Galor - Brown University Department of Economics Working …, 1988
[CITATION] Food for Though: Basic Needs and Persistent Educational Inequality
G Oded… - GE, Growth, Math methods, 2002
Abstract The evolution of economies during the major portion of human history was marked
by Malthusian Stagnation. The transition from an epoch of stagnation to a state of sustained
economic growth has shaped the contemporary world economy and has led to the Great ...
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