caa a22 4500 475797779 CHVBK 20180406123729.0 cr unu---uuuuu 170329e20001001xx s 000 0 eng 10.1007/BF01231267 doi (NATIONALLICENCE)springer-10.1007/BF01231267 Addictive behavior and endogenous growth [Elektronische Daten] [Jhy-yuan Shieh, Ching-chong Lai, Wen-ya Chang] This paper sets up an endogenous-growth model in which the consumer's preference is subject to habitual consumption, and examines how consumption habits will govern the rate of sustained growth. It is found that the habitual behavior may be either growth-enhancingor growth-reducing, depending upon whether the substitution between intertemporal consumption is inelastic and whether the consumption experience is harmful or beneficial to the agents. It is also found, given that the elasticity of intertemporal substitution is less than unity, that the learning speed of consumption habits has a positive (negative) impact on the balanced-growth rate if the consumption experience is harmful (beneficial) to the agents. Springer-Verlag, 2000 addictions nationallicence endogenous growth nationallicence elasticity of intertemporal substitution nationallicence habits nationallicence JEL classification nationallicence O41 nationallicence I10 nationallicence Shieh Jhy-yuan Graduate Institute of International Economics, National Chung-Cheng University, Ming-Hsiung, 621, Chia-Yi, Taiwan aut Lai Ching-chong Institute for Social Sciences and Philosophy, Academia Sinica, Nankang, 115, Taipei, Taiwan aut Chang Wen-ya Department of Economics, Fu-Jen Catholic University, Hsinchuang, 242, Taipei, Taiwan aut Journal of Economics Springer-Verlag 72/3(2000-10-01), 263-273 0931-8658 72:3<263 2000 72 712 https://doi.org/10.1007/BF01231267 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01231267 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Shieh Jhy-yuan Graduate Institute of International Economics, National Chung-Cheng University, Ming-Hsiung, 621, Chia-Yi, Taiwan aut NATIONALLICENCE 700 1- Lai Ching-chong Institute for Social Sciences and Philosophy, Academia Sinica, Nankang, 115, Taipei, Taiwan aut NATIONALLICENCE 700 1- Chang Wen-ya Department of Economics, Fu-Jen Catholic University, Hsinchuang, 242, Taipei, Taiwan aut NATIONALLICENCE 773 0- Journal of Economics Springer-Verlag 72/3(2000-10-01), 263-273 0931-8658 72:3<263 2000 72 712 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer