01692cas a2200253 a 4500 AALejournalIMF001441 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843194 1018-5941 BD-DhAAL BD-DhAAL Zee, Howell. Endogenous Time Preference and Endogenous Growth / Howell Zee. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The present paper develops a one-sector aggregate endogenous growth model with intertemporal preference dependence. The resultant model possesses the fundamental property of growth convergence, in the sense that countries with identical parameters regarding technology, preference, and government policy will converge to a steady state with the same (positive) growth rate. A notable tax policy implication of the model is that, even in the absence of externalities, the growth effects of an income tax are shown to be a priori ambiguous and dependent on the relative magnitudes of the tax rate and the tax elasticity of the savings rate. Mode of access: Internet United States imf IMF Working Papers; Working Paper ; No. 1994/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/015/001.1994.issue-015-en.xml IMF e-Library