Chủ Nhật, 26/05/2024 01:46

WP-13: Can geographical factors lock a society in stagnation?

15:21:54 19/03/2013

We extend the model in Galor and Weil (2000), considering geographical factors, to show that, under some initial condition, an economy may be locked in Malthusian stagnation and it never takes off. Specifically, we show how the interplay of “land”, its “accessibility”, and technology prevents an economy from escaping stagnation.


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