Linking ethics and economic growth : a comment on hunt
Journal article, Peer reviewed
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Original versionContemporary Economics 2012;6(3):4-9 10.5709/ce.1897-9254.46
Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms – for example, the influence of prevailing ethical norms on the aggregate elasticity of substitution and, therefore, total factor productivity and growth.