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Does permanent income spur innovation?

  • Leon Taylor

From 1932 through 1957, purchases of gasoline and motor oil may have related to transitory income, perhaps through impulsive purchases. This relation may have affected innovations to refine oil.

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Paper provided by EconWPA in its series Development and Comp Systems with number 0105005.

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Length: 8 pages
Date of creation: 22 May 2001
Date of revision:
Handle: RePEc:wpa:wuwpdc:0105005
Note: Type of Document - Microsoft Word 2000; prepared on Compaq Presario 1200; to print on HP; pages: 8; figures: 4 included
Contact details of provider: Web page: http://128.118.178.162

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  1. Thurston, Thom B, 1977. "The Permanent Income Hypothesis and Monetary Influences on Consumption," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 9(4), pages 586-96, November.
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