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Culture Values Entrepreneurship and Growth

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Author Info
Jellal, Mohamed

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Abstract

We integrate a social norm which associates status to accumulation of capital and consumption into a simple model of endogenous growth. We show that societies which place a greater weight of cultural values on stock of accumulated capital as opposed to consumption will experience fast growth. Our results are consistent with those obtained by Baumol (1990) in the context of entrepreneurship and by Fershtman and Weiss (1991).

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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17137.

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Date of creation: 03 Sep 2009
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Handle: RePEc:pra:mprapa:17137

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Related research
Keywords: Entrepreneurship; Culture Values; Social Status; Growth;

Find related papers by JEL classification:
O1 - Economic Development, Technological Change, and Growth - - Economic Development
A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology

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  1. Harbaugh, Richmond, 1996. "Falling behind the Joneses: relative consumption and the growth-savings paradox," Economics Letters, Elsevier, vol. 53(3), pages 297-304, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-1.

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