Relative consumption, economic growth, and taxation

By W. H. Fisher, F. Hof. 2000

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Habit Formation, Catching Up with the Joneses, and Economic Growth (2004, background): “(1997, 2000), Fisher and Hof (2000) , Alonso-Carrera, Caballe, and Raurich (2001a,b), although”
Consumption externalities, production externalities, and long-run macroeconomic efficiency (2005, methodology): “…1), denoted by a bar, we obtain *( ) ( )k kF K F K β= = (10a) * *( ) ( ) 0F K C F K C− = − = (10b) From equations (10a) and (10b), we see that an increase in β lowers the steady-state levels of capital 13In describing both (8c) and (9c) we adopt the terminology of Fisher and Hof (2000a).”
Growth, habit formation, and catching-up with the Joneses (2005, methodology): “On the other hand, Fisher and Hof (2000) analyze the optimal tax policy in a model without habit formation where agents are exposed to contemporaneous consumption spillovers.”
FinTech and Sustainable Development: Evidence from China based on P2P Data (2019, background): “X5: Proportion of retail sales of social consumption goods in GDP (%) Fisher & Hof [34], Balios et al.”