When Wealth Affects People's Impatience
AbstractZou  has proved that the spirit of capitalism will cause endogenous growth using the AK model. We find that this conclusion needs to be reexamined under our endogenous time preference model. Contrastingly different patterns of growth will obtain under our framework.
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Bibliographic InfoPaper provided by China Economics and Management Academy, Central University of Finance and Economics in its series CEMA Working Papers with number 529.
Length: 9 pages
Date of creation: 2012
Date of revision:
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