British economic growth triggers the great divergence

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Unformatted text preview: pe. British economic growth triggers the Great Divergence where some parts of the world rapidly begin to take advantage of the new technologies, while others do not fundamentally shaping the world income distribution we see today. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis September 2, 2009 9 / 19 Constraints on the Executive in Europe, 1500-1850 7 6 5 4 3 2 1 0 1500 1600 England 1700 France Italy 1750 Netherlands 1800 Russia 1850 Spain Source: Acemoglu, Daron, Simon Johnson and James A. Robinson (2005) “Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth,” American Economic Review, 95, 546-579. What Type of Explanation? Let me distinguish between proximate and fundamental determinants. By proximate most simply I mean the things in the production function, the accumulation of physical and human capital, the labor force, and total factor productivity (TFP). (but other ‘ intervening variables’– such as inequality - may also be proximate)...
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