Patience and the Wealth of Nations
Patience and the Wealth of Nations
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耐心与国家财富
DOI：
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发表时间：
2016
期刊：
影响因子：
--
通讯作者：
U. Sunde
中科院分区：
文献类型：
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作者：
Thomas Dohmen;B. Enke;A. Falk;David Huffman;U. Sunde
根据标准的动态选择理论，耐心是经济发展的直接决定因素积累背后的一个关键驱动因素。使用一个新的代表性数据集的时间偏好，从80,000个人在76个国家，我们调查的发展核算框架的背景下，这一假设的实证相关性。我们发现，在当代收入以及中长期增长率方面，耐心与发展之间存在显著的简化关系，耐心解释了各国发展差异的很大一部分。与耐心通过积累过程影响国民收入的观点一致，耐心也与人力和实物资本积累、生产力投资和制度质量密切相关。其他结果表明，耐心，人力资本和收入之间的关系扩展到国家内部的跨区域分析，以及区域内的跨个人分析。
According to standard dynamic choice theories, patience is a key driving factor behind the accumulation of the proximate determinants of economic development. Using a novel representative data set on time preferences from 80,000 individuals in 76 countries, we investigate the empirical relevance of this hypothesis in the context of a development accounting framework. We find a significant reduced-form relationship between patience and development in terms of contemporary income as well as medium- and long-run growth rates, with patience explaining a substantial fraction of development differences across countries. Consistent with the idea that patience affects national income through accumulation processes, patience also strongly correlates with human and physical capital accumulation, investments into productivity, and institutional quality. Additional results show that the relationship between patience, human capital, and income extends to analyses across regions within countries, and across individuals within regions.
DOI：
10.1257/aer.102.4.1508
发表时间：
2012-06
期刊：
The American economic review
影响因子：
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作者：
Michalopoulos S
通讯作者：
Michalopoulos S
DOI：
10.1257/aer.104.9.2736
发表时间：
2014-09
期刊：
The American economic review
影响因子：
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作者：
Manuelli RE;Seshadri A
通讯作者：
Seshadri A