Habit Formation, Catching up with the Joneses, and Economic Growth

Our objective is to investigate how alternative assumptions about preferences affect the process of economic growth. To do this, we analyze a neoclassical growth model under three alternative preference specifications: (i) time separable, (ii) catching up with the Joneses, and (iii) habit formation....

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Bibliographic details
Volume: 9
Main Author: Francisco Alvarez-Cuadrado
Goncalo Monteiro
Stephen J. Turnovsky
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Boston Kluwer Academic Publishers 01.03.2004
published in: Journal of economic growth (Boston, Mass.) Vol. 9; no. 1; pp. 47 - 80
Data of publication: 20040301
ISSN: 1381-4338
EISSN: 1573-7020
Discipline: Economics
Online Access: Fulltext
Database: CrossRef
Academic OneFile (A&I only)
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