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The Spirit of Capitalism, Savings, Asset Pricing and Growth

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  • Heng-fu Zou

    (CEMA, Central University of Finance and Economics)

Abstract

This study extends the traditional growth model and recent endogenous growth model to consider how a social and cultural element-the spirit of capitalism in the Weberian sense of accumulation for the sake of accumulation-impacts on savings, asset accumulation, stock market prices, and economic growth and development over time and across countries.

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Bibliographic Info

Paper provided by China Economics and Management Academy, Central University of Finance and Economics in its series CEMA Working Papers with number 502.

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Length: 194 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:cuf:wpaper:502

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Web page: http://cema.cufe.edu.cn/
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Cited by:
  1. Heng-fu Zou, 1995. "The spirit of capitalism and savings behavior," CEMA Working Papers 79, China Economics and Management Academy, Central University of Finance and Economics.

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