Document Details

Document Type : Article In Journal 
Document Title :
Time Preference and the Decision to Save in an Islamic Economy
التفضيل الزمني وقرار الادخار في الاقتصاد الإسلامي
 
Subject : Discussion Papers 
Document Language : Arabic 
Abstract : I. Allocation of resources requires value judgments, one of which is the concept of positive time preference as a rational criterion for allocating consumption between the present and the future . Even within that value framework, zero and negative time preference compete with positive time preference, as rational criteria in certain cases. 2. In an Islamic economy, justice (fairness, equity) can replace time preference as a rational allocative criterion in au cases. Justice in that sense takes into consideration the changes across time of individual income and needs, as well as the intergenerational utilities 3. Under justice’ as an allocative criterion, the role of “expected rate of return on investment” in influencing the saving decision is dir as compared with the important role interest rate plays in optimizing the saving decision under the assumption of positive time preference. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 9 
Issue Number : 1 
Publishing Year : 1417 AH
1997 AD 
Number Of Pages : 23 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
نجاح عبدالعليم أبو الفتوح NAJAH ABDUL ALEEM ABU EL-FUTUHResearcher  

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