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Aspirations and economic development

Author: Sinclair-Desgagné, Bernard INSEAD Area: Decision Sciences Series: Working Paper ; 91/56/OB Publisher: Fontainebleau : INSEAD, 1991.Language: EnglishDescription: 9 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: Recent contributions to the theory of economic growth identify internal economic forces that can lead to perpetual accumulation. It is shown, however, that this outcome relies on the postulate that economic aspirations are exogenous
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Recent contributions to the theory of economic growth identify internal economic forces that can lead to perpetual accumulation. It is shown, however, that this outcome relies on the postulate that economic aspirations are exogenous

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