The Fisherian Time Preference and the Ebolution of Capital Ownership Patterns in a Global Economy
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https://www.nber.org/papers/w3104
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Conventionally economic growth theory was based on the assumption of a constant rate of time preference. Uzawa (1968) and Obstfeld (~, 1981) introduced the rate of time preference that increases with the utility level. Irving Fisher (The Theory of Interest) has a different opinion, however, that
提供机构:
美国国家经济研究局
创建时间:
1989-09-01



