<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462018000400507</article-id>
<article-id pub-id-type="doi">10.21919/remef.v13i4.336</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Envy and Inequality in Income and Wealth in a Dynamic General Equilibrium Theory]]></article-title>
<article-title xml:lang="es"><![CDATA[Envidia y Desigualdad en el Ingreso y Riqueza en una Teoría del Equilibrio General Dinámico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[Wei-Bin]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Ritsumeikan Asia Pacific University  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Japan</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2018</year>
</pub-date>
<volume>13</volume>
<numero>4</numero>
<fpage>507</fpage>
<lpage>523</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462018000400507&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462018000400507&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462018000400507&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The purpose of this study is to deal with interactions between envy, economic growth and income and wealth distribution in a heterogeneous-household growth model with economic structure. With regards to envy and its impact, this study is influenced by the economic model with envy by Gershman (2014). We deal with the (destructive) role of envy on labor supply, time distribution between labor and destructive activities, and wealth and income distribution. The model is framed in a general dynamic general equilibrium theory. The economic structure composes of one consumer goods sector and one capital goods sector. The motion is described by a set of di&#64256;erential equations. We simulate the movement of a three-group economy with endogenous envy. We carry out comparative dynamic analysis to show how envy and other exogenous changes a&#64256;ect transitory processes and equilibrium structure of the economy.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este estudio es abordar las interacciones entre la envidia, el crecimiento económico y la distribución del ingreso y la riqueza en un modelo de crecimiento heterogéneo de los hogares con estructura económica. En cuanto a la envidia y su impacto, este estudio está influenciado por el modelo económico con envidia de Gershman (2014). Nos ocupamos del papel (destructivo) de la envidia en la oferta de mano de obra, la distribución del tiempo entre el trabajo y las actividades destructivas, y la distribución de la riqueza y el ingreso. El modelo se enmarca en una teoría general del equilibrio general dinámico. La estructura económica se compone de un sector de bienes de consumo y un sector de bienes de capital. El movimiento se describe mediante un conjunto de ecuaciones diferenciales. Simulamos el movimiento de una economía de tres grupos con envidia endógena. Realizamos análisis dinámicos comparativos para mostrar cómo la envidia y otros cambios exógenos afectan los procesos transitorios y la estructura de equilibrio de la economía.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[D31]]></kwd>
<kwd lng="en"><![CDATA[O41]]></kwd>
<kwd lng="en"><![CDATA[Y80]]></kwd>
<kwd lng="en"><![CDATA[Z13]]></kwd>
<kwd lng="en"><![CDATA[envy]]></kwd>
<kwd lng="en"><![CDATA[destructive activities]]></kwd>
<kwd lng="en"><![CDATA[neoclassical growth theory]]></kwd>
<kwd lng="en"><![CDATA[wealth accumulation]]></kwd>
<kwd lng="en"><![CDATA[Walrasian general equilibrium theory]]></kwd>
<kwd lng="en"><![CDATA[income and wealth distribution]]></kwd>
<kwd lng="es"><![CDATA[D31]]></kwd>
<kwd lng="es"><![CDATA[O41]]></kwd>
<kwd lng="es"><![CDATA[Y80]]></kwd>
<kwd lng="es"><![CDATA[Z13]]></kwd>
<kwd lng="es"><![CDATA[envidia, actividades destructivas, teoría del crecimiento neoclásico, acumulación de riqueza]]></kwd>
<kwd lng="es"><![CDATA[teoría del equilibrio general de Walras, ingresos y distribución de la riqueza]]></kwd>
</kwd-group>
</article-meta>
</front><back>
<ref-list>
<ref id="B1">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Arrow]]></surname>
<given-names><![CDATA[K.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Debreu]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Existence of an Equilibrium for a Competitive Economy]]></article-title>
<source><![CDATA[Econometrica]]></source>
<year>1954</year>
<volume>22</volume>
<page-range>265-90</page-range></nlm-citation>
</ref>
<ref id="B2">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Arrow]]></surname>
<given-names><![CDATA[K.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Hahn]]></surname>
<given-names><![CDATA[F.H.]]></given-names>
</name>
</person-group>
<source><![CDATA[General Competitive Analysis]]></source>
<year>1971</year>
<publisher-loc><![CDATA[San Francisco ]]></publisher-loc>
<publisher-name><![CDATA[Holden-Day, Inc]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B3">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Alvarez-Cuadrado]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
<name>
<surname><![CDATA[Long]]></surname>
<given-names><![CDATA[N.V.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Envy and Inequality]]></article-title>
<source><![CDATA[The Scandinavian Journal of Economics]]></source>
<year>2012</year>
<volume>114</volume>
<page-range>949-73</page-range></nlm-citation>
</ref>
<ref id="B4">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Banerjee]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Envy]]></article-title>
<person-group person-group-type="editor">
<name>
<surname><![CDATA[Dutton]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<source><![CDATA[Economic Theory and Policy: Essays in Honor of Dipak Banerjee]]></source>
<year>1990</year>
<publisher-loc><![CDATA[Oxford ]]></publisher-loc>
<publisher-name><![CDATA[Oxford University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B5">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Barro]]></surname>
<given-names><![CDATA[R.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Sala-i-Martin]]></surname>
<given-names><![CDATA[X.]]></given-names>
</name>
</person-group>
<source><![CDATA[Economic Growth]]></source>
<year>1995</year>
<publisher-loc><![CDATA[New York ]]></publisher-loc>
<publisher-name><![CDATA[McGraw-Hill, Inc]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B6">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Baumol]]></surname>
<given-names><![CDATA[W. J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Superfairness: Applications and Theory]]></source>
<year>1987</year>
<publisher-loc><![CDATA[Cambridge ]]></publisher-loc>
<publisher-name><![CDATA[MIT Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B7">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Brennan]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Pareto Desirable Redistribution: The Case of Malice and Envy]]></article-title>
<source><![CDATA[Journal of Public Economics]]></source>
<year>1973</year>
<volume>2</volume>
<page-range>173-83</page-range></nlm-citation>
</ref>
<ref id="B8">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Burmeister]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
<name>
<surname><![CDATA[Dobell]]></surname>
<given-names><![CDATA[A.R.]]></given-names>
</name>
</person-group>
<source><![CDATA[Mathematical Theories of Economic Growth]]></source>
<year>1970</year>
<publisher-loc><![CDATA[London ]]></publisher-loc>
<publisher-name><![CDATA[Collier Macmillan Publishers]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B9">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Caselli]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
<name>
<surname><![CDATA[Ventura]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A Representative Consumer Theory of Distribution]]></article-title>
<source><![CDATA[American Economic Review]]></source>
<year>2000</year>
<volume>90</volume>
<page-range>909-26</page-range></nlm-citation>
</ref>
<ref id="B10">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Debreu]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<source><![CDATA[Theory of Value: An Axiomatic Analysis of Equilibrium]]></source>
<year>1959</year>
<publisher-loc><![CDATA[London ]]></publisher-loc>
<publisher-name><![CDATA[Yale University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B11">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Gershman]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Envy in the Process of Development: Implications for Social Relations and Conflict]]></article-title>
<source><![CDATA[Economics of Peace and Security Journal]]></source>
<year>2013</year>
<volume>8</volume>
<page-range>13-9</page-range></nlm-citation>
</ref>
<ref id="B12">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Gershman]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Two Sides of Envy]]></article-title>
<source><![CDATA[Journal of Economic Growth]]></source>
<year>2014</year>
<volume>19</volume>
<page-range>407-38</page-range></nlm-citation>
</ref>
<ref id="B13">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Impicciatore]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Panaccione]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Ruscitti]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Walras&#8217; Theory of Capital Formation: An Intertemporal Equilibrium Reformation]]></article-title>
<source><![CDATA[Journal of Economic Theory]]></source>
<year>2012</year>
<volume>106</volume>
<page-range>99-118</page-range></nlm-citation>
</ref>
<ref id="B14">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Jensen]]></surname>
<given-names><![CDATA[B.S.]]></given-names>
</name>
<name>
<surname><![CDATA[Larsen]]></surname>
<given-names><![CDATA[M.E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[General Equilibrium Dynamics of Multi-Sector Growth Models]]></article-title>
<source><![CDATA[Journal of Economics]]></source>
<year>2005</year>
<volume>10</volume>
<page-range>17-56</page-range></nlm-citation>
</ref>
<ref id="B15">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kirchsteiger]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Role of Envy in Ultimatum Games]]></article-title>
<source><![CDATA[Journal of Economic Behaviour and Organization]]></source>
<year>1995</year>
<volume>25</volume>
<page-range>373-89</page-range></nlm-citation>
</ref>
<ref id="B16">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mas-Colell]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Whinston]]></surname>
<given-names><![CDATA[M.D.]]></given-names>
</name>
<name>
<surname><![CDATA[Green]]></surname>
<given-names><![CDATA[J.R.]]></given-names>
</name>
</person-group>
<source><![CDATA[Microeconomic Theory]]></source>
<year>1995</year>
<publisher-loc><![CDATA[New York ]]></publisher-loc>
<publisher-name><![CDATA[Oxford University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B17">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Montesano]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A Restatement of Walras&#8217; Theory of Capitalization and Money]]></article-title>
<source><![CDATA[History of Economics Review]]></source>
<year>2008</year>
<volume>47</volume>
<page-range>86-109</page-range></nlm-citation>
</ref>
<ref id="B18">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Morishima]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<source><![CDATA[Equilibrium, Stability and Growth]]></source>
<year>1964</year>
<publisher-loc><![CDATA[Oxford ]]></publisher-loc>
<publisher-name><![CDATA[Oxford University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B19">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Morishima]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<source><![CDATA[Walras&#8217; Economics]]></source>
<year>1977</year>
<publisher-loc><![CDATA[Cambridge ]]></publisher-loc>
<publisher-name><![CDATA[Cambridge University Press]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B20">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mui]]></surname>
<given-names><![CDATA[V.L.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Economics of Envy]]></article-title>
<source><![CDATA[Journal of Economic Behavior and Organization]]></source>
<year>1995</year>
<volume>26</volume>
<page-range>311-36</page-range></nlm-citation>
</ref>
<ref id="B21">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Solow]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A Contribution to the Theory of Growth]]></article-title>
<source><![CDATA[Quarterly Journal of Economics]]></source>
<year>1956</year>
<volume>70</volume>
<page-range>65-94</page-range></nlm-citation>
</ref>
<ref id="B22">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Turnovsky]]></surname>
<given-names><![CDATA[S.J.]]></given-names>
</name>
<name>
<surname><![CDATA[Penalosa]]></surname>
<given-names><![CDATA[C.G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Distributional Dynamics in a Neoclassical Growth Model: The Role of Elastic Labor Supply]]></article-title>
<source><![CDATA[Journal of Economic Dynamics Control]]></source>
<year>2006</year>
<volume>32</volume>
<page-range>1399-431</page-range></nlm-citation>
</ref>
<ref id="B23">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Uzawa]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[On a Two-Sector Model of Economic Growth]]></article-title>
<source><![CDATA[Review of Economic Studies]]></source>
<year>1961</year>
<volume>29</volume>
<page-range>47-70</page-range></nlm-citation>
</ref>
<ref id="B24">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Varian]]></surname>
<given-names><![CDATA[H. R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Equity, Envy, and E&#64259;ciency]]></article-title>
<source><![CDATA[Journal of Economic Theory]]></source>
<year>1974</year>
<volume>9</volume>
<page-range>63-91</page-range></nlm-citation>
</ref>
<ref id="B25">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Walras]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Ja&#64256;é]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
</person-group>
<source><![CDATA[Elements of Pure Economics]]></source>
<year>1874</year>
<publisher-loc><![CDATA[London ]]></publisher-loc>
<publisher-name><![CDATA[Allen and Unwin]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B26">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[W.B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Woman&#8217;s Labor Participation and Economic Growth-Creativity, Knowledge Utilization and Family Preference]]></article-title>
<source><![CDATA[Economics Letters]]></source>
<year>1993</year>
<volume>42</volume>
<page-range>105-10</page-range></nlm-citation>
</ref>
<ref id="B27">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[W.B.]]></given-names>
</name>
</person-group>
<source><![CDATA[Economic Growth Theory]]></source>
<year>2005</year>
<publisher-loc><![CDATA[Hampshire ]]></publisher-loc>
<publisher-name><![CDATA[Ashgate]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B28">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[W.B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Economic Growth with Heterogeneous Households, Gender Division of Labor, and Elastic Labor Supply]]></article-title>
<source><![CDATA[Journal of Income Distribution]]></source>
<year>2012</year>
<volume>21</volume>
<page-range>15-37</page-range></nlm-citation>
</ref>
<ref id="B29">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[W.B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A Synthesis of the Uzawa-Lucas Model with the Walrasian-General-Equilibrium and Neoclassical-Gowth Theories]]></article-title>
<source><![CDATA[Economic Annals]]></source>
<year>2013</year>
<volume>58</volume>
<page-range>8-38</page-range></nlm-citation>
</ref>
</ref-list>
</back>
</article>
