Jellal, Mohamed; Rajhi, Taoufik - Volkswirtschaftliche Fakultät, … - 2003
In this paper we present a model of economic growth where agents are characterized by social status concern behaviour …. With respect to the literature, we show that social status seeking is not always desirable for economic growth. Specially … capital is low. In these two cases, the norm of social status seeking may be seen as a social incentive mechanism leading to …