Economic Growth, Technological Progress, and Social Capital: The Inverted U Hypothesis
AbstractWe set up a theoretical framework to analyze the possible role of economic growth and technological progress in the erosion of social capital. Under certain parameters, the relationship between technological progress and social capital can take the shape of an inverted U curve. We show the circumstances allowing the economy to follow trajectories where the stock of social capital grows endogenously and unboundedly.
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Bibliographic InfoPaper provided by Economics and Econometrics Research Institute (EERI), Brussels in its series EERI Research Paper Series with number EERI_RP_2011_07.
Date of creation: 07 Apr 2011
Date of revision:
Economic growth; social capital; social norms; technological progress.;
Find related papers by JEL classification:
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-14 (All new papers)
- NEP-EVO-2011-05-14 (Evolutionary Economics)
- NEP-FDG-2011-05-14 (Financial Development & Growth)
- NEP-SOC-2011-05-14 (Social Norms & Social Capital)
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.:
- Akcomak, Semih & ter Weel, Bas, 2006.
"Social Capital, Innovation and Growth: Evidence from Europe,"
UNU-MERIT Working Paper Series
040, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
- Akçomak, I. Semih & ter Weel, Bas, 2009. "Social capital, innovation and growth: Evidence from Europe," European Economic Review, Elsevier, vol. 53(5), pages 544-567, July.
- Akçomak, I. Semih & ter Weel, Bas, 2008. "Social Capital, Innovation and Growth: Evidence from Europe," IZA Discussion Papers 3341, Institute for the Study of Labor (IZA).
- Antoci, Angelo & Sabatini, Fabio & Sodini, Mauro, 2011. "Bowling alone but tweeting together: the evolution of human interaction in the social networking era," MPRA Paper 34232, University Library of Munich, Germany.
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