Beliefs incentives 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 simple model of endogenous growth. We show that societies which place a greater weight on 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: Beliefs; social incentives; social status; growth (search for similar items in EconPapers)
JEL-codes: D9 O43 Z1 Z13 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-dge, nep-evo, nep-fdg and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:39157

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