Year: 2014
Type: report
Abstract: 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.
DOI: 10.3386/w20438
Authors: Oded Galor, Ömer Özak
Institution: National Bureau of Economic Research
Language: English
Subfield: Demography
Field: Social Sciences
Domain: Social Sciences
SDG: Zero hunger
Open Access status: green
Funder: National Science Foundation
OpenAlex ID: W4299323150