Economic growth and evolution: Parental preference for quality and quantity of offspring

Collins, J; Baer, B; Weber, EJ

Economic growth and evolution: Parental preference for quality and quantity of offspring

Collins, J

Baer, B Weber, EJ

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Publisher:: CAMBRIDGE UNIV PRESS
Publication Type:: Journal Article
Citation:: Macroeconomic Dynamics, 2014, 18, (8), pp. 1773-1796
Issue Date:: 2014-06-07

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Field	Value	Language
dc.contributor.author	Collins, J https://orcid.org/0000-0003-3073-6070
dc.contributor.author	Baer, B
dc.contributor.author	Weber, EJ
dc.date.accessioned	2022-07-27T02:47:34Z
dc.date.available	2022-07-27T02:47:34Z
dc.date.issued	2014-06-07
dc.identifier.citation	Macroeconomic Dynamics, 2014, 18, (8), pp. 1773-1796
dc.identifier.issn	1365-1005
dc.identifier.issn	1469-8056
dc.identifier.uri	http://hdl.handle.net/10453/159195
dc.description.abstract	This paper presents a quantitative analysis of the model developed by Galor and Moav [Galor, Oded and Omer Moav (2002) Natural selection and the origin of economic growth. Quarterly Journal of Economics 117(4), 1133-1191] in which agents vary genetically in their preference for quality and quantity of children. The simulation produces a pattern of income and population growth that resembles the period of Malthusian stagnation before the Industrial Revolution and the take-off into a modern growth era. We also investigate the stability of the modern growth era as an absorbing state of the model under the introduction of a strongly quantity-preferring genotype. We show that, given the absence of a scale effect of population in the model, the economy can regress to a Malthusian state under this change in the initial distribution of genotypes.
dc.language	English
dc.publisher	CAMBRIDGE UNIV PRESS
dc.relation.ispartof	Macroeconomic Dynamics
dc.relation.isbasedon	10.1017/S1365100513000163
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1401 Economic Theory, 1402 Applied Economics, 1403 Econometrics
dc.subject.classification	Economics
dc.title	Economic growth and evolution: Parental preference for quality and quantity of offspring
dc.type	Journal Article
utslib.citation.volume	18
utslib.for	1401 Economic Theory
utslib.for	1402 Applied Economics
utslib.for	1403 Econometrics
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access	*
dc.date.updated	2022-07-27T02:47:33Z
pubs.issue	8
pubs.publication-status	Published
pubs.volume	18
utslib.citation.issue	8

Abstract:

This paper presents a quantitative analysis of the model developed by Galor and Moav [Galor, Oded and Omer Moav (2002) Natural selection and the origin of economic growth. Quarterly Journal of Economics 117(4), 1133-1191] in which agents vary genetically in their preference for quality and quantity of children. The simulation produces a pattern of income and population growth that resembles the period of Malthusian stagnation before the Industrial Revolution and the take-off into a modern growth era. We also investigate the stability of the modern growth era as an absorbing state of the model under the introduction of a strongly quantity-preferring genotype. We show that, given the absence of a scale effect of population in the model, the economy can regress to a Malthusian state under this change in the initial distribution of genotypes.

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http://hdl.handle.net/10453/159195