The simplest unified growth theory
In: Discussion paper series 6528
In: International macroeconomics
117 Ergebnisse
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In: Discussion paper series 6528
In: International macroeconomics
In: Diskussionsbeiträge aus dem Volkswirtschaftlichen Seminar der Universität Göttingen 84
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In: Mathematical social sciences, Band 111, S. 19-25
In: Mathematical social sciences, Band 83, S. 1-8
In: CEGE - Discussion Papers, No. 293
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In: CEGE - Discussion Papers, No. 294, November 2016
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In: Economica, Band 82, Heft s1, S. 1217-1240
ISSN: 1468-0335
This paper considers an overlapping generations model of economic growth populated by two types of individuals. Competitive types compare future consumption (i.e. wealth) with the mean. Self‐sufficient types derive utility simply from their own consumption and do not compare themselves with others. I derive a condition under which the utility (happiness) of both types increases when the economy is populated by a larger share of competitive types. I show that a sufficiently high share of competitive types in a society can be inevitable for long‐run economic growth to exist.
In: Mathematical social sciences, Band 75, S. 20-26
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In: Center for European, Governance and Economic Development Research Discussion Papers, Number 234
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In: Discussion Papers on Business and Economics, University of Southern Denmark, 7/2014
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In: CEGE Discussion Papers No. 172
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