The Correlation between Human Capital and Morality and Its Effect on Economic Performance : Theory and Evidence

This paper incorporates morality -- defined as lower utility from consuming goods obtained through appropriative rather than productive activities -- into a simple static general equilibrium model in which agents choose whether to be producers or a...

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Bibliographic Details
Main Authors: Balan, David J., Knack, Stephen
Language:English
Published: 2012
Subjects:
GDP
LET
ROM
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110630123337
http://hdl.handle.net/10986/3483