A Model Explaining the Relationship between Economic Growth and Social Capital
AbstractThis paper presents a growth model that incorporates the social capital as a growth determinant. Social capital enters the model through its potential reduction in the risk perceived by agents, when making investments decisions. The key feature of the model is that firms pursue an inter-temporal optimisation, so that their current decisions affect their future productivity. Consequently, technological investiments become a rational decision, in which social capital becomes a relevant parameter affecting it. The model shows that the higher the social capital, the higher is the equilibrium growth rate.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Datamétrica Consultoria Econômica in its series Working Papers with number 58.
Length: 17 pages
Date of creation: 2011
Date of revision: 2011
Contact details of provider:
Postal: Rua Luis Guimaraes, no 207, Poco de Panela, Recife/PE
Phone: +55 (081) 3267 1500
Fax: +55 (081) 3267 1512
Web page: http://184.108.40.206/
More information through EDIRC
Endogenous growth; social capital; endogenous technological change; long term growth; firm’s dynamic optimization.;
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David de la Croix & Matthias Doepke, 2003.
"Inequality and Growth: Why Differential Fertility Matters,"
American Economic Review,
American Economic Association, vol. 93(4), pages 1091-1113, September.
- David de la Croix & Matthias Doepke, 2001. "Inequality and Growth: Why Differential Fertility Matters," UCLA Economics Working Papers 803, UCLA Department of Economics.
- DE LA CROIX, David & DOEPKE, Matthias, . "Inequality and growth: why differential fertility matters," CORE Discussion Papers RP -1676, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- DE LA CROIX, David & DOEPKE, Matthias, 2001. "Inequality and Growth : Why Differential Fertility Matters," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2001008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirelle Queiroz).
If references are entirely missing, you can add them using this form.