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: Monteiro, Goncalo
Alvarez-Cuadrado, Francisco
Turnovsky, Stephen J
Format: Journal Article
Language: English
Place of publication: Springer 2004
published in: Journal of Economic Growth Vol. 9; no. 1; pp. 47 - 80
Data of publication: 2004
Series: Journal of Economic Growth
Online Access: available in Bonn?
Database: RePEc IDEAS
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