Citation

Discussion Paper Details

Please find the details for DP8998 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: How Deep Are the Roots of Economic Development?

Author(s): Enrico Spolaore and Romain Wacziarg

Publication Date: June 2012

Keyword(s): Economic development, Growth, Intergenerational transmission and Long-run persistence

Programme Area(s): International Trade and Regional Economics

Abstract: The empirical literature on economic growth and development has moved from the study of proximate determinants to the analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on the measurement and estimation of the effects of historical variables on contemporary income by explicitly taking into account the ancestral composition of current populations. The evidence suggests that economic development is affected by traits that have been transmitted across generations over the very long run. This article surveys this new literature and provides a framework to discuss different channels through which intergenerationally transmitted characteristics may impact economic development, biologically (via genetic or epigenetic transmission) and culturally (via behavioral or symbolic transmission). An important issue is whether historically transmitted traits have affected development through their direct impact on productivity, or have operated indirectly as barriers to the diffusion of productivity-enhancing innovations across populations.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8998

Bibliographic Reference

Spolaore, E and Wacziarg, R. 2012. 'How Deep Are the Roots of Economic Development?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8998