Ontology highlight
ABSTRACT:
SUBMITTER: Galor O
PROVIDER: S-EPMC5541952 | biostudies-literature | 2016 Oct
REPOSITORIES: biostudies-literature
The American economic review 20161001 10
This research explores the origins of observed differences in time preference across countries and regions. Exploiting a natural experiment associated with the expansion of suitable crops for cultivation in the course of the Columbian Exchange, the research establishes that pre-industrial agro-climatic characteristics that were conducive to higher return to agricultural investment, triggered selection, adaptation and learning processes that generated a persistent positive effect on the prevalenc ...[more]