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Culture Values Entrepreneurship and Growth

Mohamed Jellal ()

MPRA Paper from University Library of Munich, Germany

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).

Keywords: Entrepreneurship; Culture Values; Social Status; Growth (search for similar items in EconPapers)
JEL-codes: A13 O1 Z13 (search for similar items in EconPapers)
Date: 2009-09-03
New Economics Papers: this item is included in nep-cse, nep-cul, nep-evo, nep-fdg, nep-hrm and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17137

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