Why Is Risk Aversion Essentially Important for Endogenous Economic Growth?
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- Harashima, Taiji, 2021. "Mechanisms that Make Economic Inequality Increase in Democratic Countries," MPRA Paper 108535, University Library of Munich, Germany.
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More about this item
Keywords
Decreasing rate of marginal utility; Endogenous economic growth; Risk aversion;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-GRO-2020-07-13 (Economic Growth)
- NEP-UPT-2020-07-13 (Utility Models and Prospect Theory)
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