| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP10122
|
| DP10122 The Agricultural Origins of Time Preference |
| Oded Galor
|
| 发表日期 | 2014-08-31
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on the distribution of long-term orientation across societies. In particular, exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that agro-climatic characteristics in the pre-industrial era that were conducive to higher return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the prevalence of long-term orientation in the contemporary era. This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in the incentives to delay consumption in favor of lucrative investment opportunities have had a persistent effect on the distribution of long-term orientation across societies. In particular, exploiting a natural experiment associated with the Columbian Exchange, the research establishes that agro-climatic characteristics in the pre-industrial era that were conducive to higher return to agricultural investment, triggered selection and learning processes that had a persistent positive effect on the prevalence of long-term orientation in the contemporary era. |
| 主题 | Economic History
; International Macroeconomics
|
| 关键词 | agriculture
Culture
Delayed gratification
Economic development
Economic growth
Evolution
Time preference
|
| URL | https://cepr.org/publications/dp10122
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538955
|
推荐引用方式
GB/T 7714 |
Oded Galor. DP10122 The Agricultural Origins of Time Preference. 2014.
|
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