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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
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 ‘
variables’– such as inequality - may also be proximate)...
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