When Wealth Affects People's Impatience

Peng Wang and Heng-Fu Zou ()

No 529, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: Zou [1994] 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.

Pages: 9 pages
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:529

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