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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....
Persistent link: https://www.econbiz.de/10005059080
increases, trade growth and shifting trade patterns will have pervasive effects on income distribution in Vietnam. In this paper …, we use a newly estimated Vietnam social accounting matrix to elucidate the links between trade and income in the country …
Persistent link: https://www.econbiz.de/10008876866
estimated. More surprisingly, relative to conventional wisdom, that income distribution has improved throughout this period. …
Persistent link: https://www.econbiz.de/10011109500
estimated. More surprisingly, relative to conventional wisdom, that income distribution has improved throughout this period. …
Persistent link: https://www.econbiz.de/10011113327