Munich Personal RePEc Archive

On the Psychological Foundations of Economic Development

Odedoyin, Stephen (2018): On the Psychological Foundations of Economic Development.

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Abstract

This paper considered theoretical propositions on the psychological mechanism underlying economic growth and development in diverse nations, particularly how it accounts for variations in levels of per capita income across the globe. Descriptive and analytical techniques were employed in eliciting the basic parameters that underlie this psychological mechanism which motivates inevitably productive economic engagements in various countries of the world.

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