Rate of time preference, the intertemporal utility function and regional economic management
- [St. Augustine]TT [Caribbean Centre for Monetary Studies] 2002
- 18 leaves
Discusses briefly, the concept of the rate of time preference and its use in consumer theory, underlying its particular relevance to regional economic activity. Uses Granger causality to explore the empirical underpinnings of some of the hypotheses arrived at the theoretical discussion.