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Externalities in an endogenous growth model with social and natural capital

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  • Roseta-Palma, Catarina
  • Ferreira-Lopes, Alexandra
  • Sequeira, Tiago Neves

Abstract

Models of economic growth are typically based on the use of one or more stocks of productive assets to create goods for utility-generating consumption. The roles played by man-made capital, natural capital, and human capital have been explored in the literature, and more recently the notion of social capital has been brought to the fore. This paper provides an attempt to construct an inclusive model of growth, analyzing externalities and distortions due to market failures linked with social capital and environmental problems.

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Bibliographic Info

Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 69 (2010)
Issue (Month): 3 (January)
Pages: 603-612

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Handle: RePEc:eee:ecolec:v:69:y:2010:i:3:p:603-612

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Web page: http://www.elsevier.com/locate/ecolecon

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Keywords: Human capital Social capital Natural capital Produced capital Economic growth;

References

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Citations

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Cited by:
  1. Ennio Bilancini & Simone D’Alessandro, 2011. "Long-run Welfare under Externalities in Consumption, Leisure, and Production: A Case for Happy Degrowth vs. Unhappy Growth," Department of Economics 0667, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
  2. Ferreira-Lopes, Alexandra & Roseta-Palma, Catarina & Sequeira, Tiago Neves, 2012. "When sociable workers pay off: Can firms internalize social capital externalities?," Structural Change and Economic Dynamics, Elsevier, vol. 23(2), pages 127-136.
  3. Mónica Meireles & Isabel Soares & Óscar Afonso, 2010. "Economic Growth, Ecological Technology and Public Intervention," FEP Working Papers 378, Universidade do Porto, Faculdade de Economia do Porto.

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