Culture values and economic growth

Mohamed Jellal ()

MPRA Paper from University Library of Munich, Germany

Abstract: We integrate a general social norm function which associates status to accumulation of capital and consumption into a very simple model of endogenous growth. We show that societies which place a greater cultural weight on capital as opposed to consumption preferences 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).

Keywords: Cultural incentives; social status; endogenous growth (search for similar items in EconPapers)
JEL-codes: A13 O1 O43 Z13 (search for similar items in EconPapers)
Date: 2014-07-04
New Economics Papers: this item is included in nep-cul, nep-evo, nep-fdg, nep-gro and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57178

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