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 Springer
published in:	Journal of economic growth (Boston, Mass.) Vol. 9; no. 1; pp. 47 - 80
Data of publication:	20040301
ISSN:	1381-4338 1573-7020
EISSN:	1573-7020
Discipline:	Economics
Subjects:	Consumption Steady state economies Consumer behavior Neoclassical economics Economic transitions Consumer economics Economic growth models Economic growth rate Savings rates Growth habit International Economics Macroeconomics/Monetary Economics consumption externalities Economic Growth habit formation Economics / Management Science Economic aspects Consumption (Economics) Comparative analysis Economic development Consumer preferences
Online Access:	Fulltext
Database:	CrossRef Academic OneFile (A&I only) Database information Databases - DBIS