Evolution and the growth process: Natural selection of entrepreneurial traits
Evolution and the growth process: Natural selection of entrepreneurial traits
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DOI:
10.1016/j.jet.2011.04.005
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发表时间:
2012-03-01
影响因子:
1.6
通讯作者:
Michalopoulos, Stelios
中科院分区:
文献类型:
--
作者:
Galor, Oded;Michalopoulos, Stelios
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.