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An Endogenous Growth Model with Human and Social Capital Interactions

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Author Info
Tiago Neves Sequeira () (UBI and INOVA)
Alexandra Ferreira-Lopes () (ISCTE - Department of Economics, UNIDE-ERC and DINÂMIA)

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Abstract

Social capital has recently been introduced in the economic literature as a growth factor. In this paper we study the interactions between social and human capital, and their contributions to economic growth in an endogenous growth model. In particular, we are interested in comparing the results from our theoretical framework with the empirical evidence already found by other authors. The model indicates a correlation between human and social capital throughout time, as suggested by the data. Further- more, an increasing in the relative importance of human capital when compared to social capital is always evident throughout the development process of the economy.

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File URL: http://erc.unide.iscte.pt/wpi/ERCwp0908.pdf
File Format: application/pdf
File Function: First version, 2008
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Publisher Info
Paper provided by ISCTE, UNIDE, Economics Research Centre in its series Working Papers with number ercwp0908.

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Length: 25 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:isc:wpaper:ercwp0908

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Related research
Keywords: Human Capital; Social Capital; Economic Growth.;

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Find related papers by JEL classification:
O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

References listed on IDEAS
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.:

  1. Funke, Michael & Strulik, Holger, 2000. "On endogenous growth with physical capital, human capital and product variety," European Economic Review, Elsevier, vol. 44(3), pages 491-515, March. [Downloadable!] (restricted)
    Other versions:
  2. Brunner, Martin & Strulik, Holger, 2002. "Solution of perfect foresight saddlepoint problems: a simple method and applications," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 737-753, May. [Downloadable!] (restricted)
    Other versions:
  3. Berggren, Niclas & Elinder, Mikael & Jordahl, Henrik, 2007. "Trust and Growth: A Shaky Relationship," Working Paper Series 705, Research Institute of Industrial Economics. [Downloadable!]
    Other versions:
  4. Barbara Piazza-Georgi, 2002. "The role of human and social capital in growth: extending our understanding," Cambridge Journal of Economics, Oxford University Press, vol. 26(4), pages 461-479, July.
  5. Bartolini, Stefano & Bonatti, Luigi, 2007. "Endogenous growth, decline in social capital and expansion of market activities," MPRA Paper 3341, University Library of Munich, Germany. [Downloadable!]
  6. Rupasingha, Anil & Goetz, Stephan J. & Freshwater, David, 2000. "Social Capital And Economic Growth: A County-Level Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(03), December. [Downloadable!]
  7. Antoni Calvó-Armengol & Matthew O. Jackson, 2004. "The Effects of Social Networks on Employment and Inequality," American Economic Review, American Economic Association, vol. 94(3), pages 426-454, June. [Downloadable!]
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  8. Tamura, Robert, 2006. "Human capital and economic development," Journal of Development Economics, Elsevier, vol. 79(1), pages 26-72, February. [Downloadable!] (restricted)
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  9. Paul F. Whiteley, 2000. "Economic Growth and Social Capital," Political Studies, Political Studies Association, vol. 48(3), pages 443-466, 06. [Downloadable!] (restricted)
  10. Edward L. Glaeser & David Laibson & Bruce Sacerdote, 2002. "An Economic Approach to Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 437-458, November. [Downloadable!] (restricted)
  11. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Catarina Roseta-Palma & Alexandra Ferreira-Lopes & Tiago Neves Sequeira, 2008. "Towards an Inclusive Model of Sustainable Growth," Working Papers ercwp0408, ISCTE, UNIDE, Economics Research Centre. [Downloadable!]
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This page was last updated on 2009-11-26.

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