On relative-wealth effects and long-run growth

作者: Giacomo Corneo , Olivier Jeanne

DOI: 10.1006/REEC.2001.0260

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摘要: Abstract We develop a growth model in which individuals care about their social status, is turn determined by relative wealth. It shown that the presence of desire for even if very limited, can generate endogenous long-run growth. When status-seeking motive weak, only appears initial stock capital large enough.

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