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Economic Growth, Technical Progress, and Social Capital: the Inverted U Hypothesis

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  • Antoci, Angelo
  • Sabatini, Fabio
  • Sodini, Mauro

Abstract

We set up a theoretical framework to analyze the possible role of economic growth and technical progress in the erosion of social capital. Under certain parameters, the relationship between technical 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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File URL: http://mpra.ub.uni-muenchen.de/30326/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30326.

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Date of creation: 15 Apr 2011
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Handle: RePEc:pra:mprapa:30326

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Keywords: Social capital; technological progress; economic growth; social interactions;

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References

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  1. Giacomo Corneo, 2002. "Work and Television," CESifo Working Paper Series 829, CESifo Group Munich.
  2. Antoci, Angelo & Sabatini, Fabio & Sodini, Mauro, 2010. "The Solaria Syndrome: Social Capital in a Growing Hyper-technological Economy," MPRA Paper 21023, University Library of Munich, Germany.
  3. Lisa Schur, 2003. "Employment and the Creation of an Active Citizenry," British Journal of Industrial Relations, London School of Economics, vol. 41(4), pages 751-771, December.
  4. Beugelsdijk, Sjoerd & van Schaik, Ton, 2005. "Social capital and growth in European regions: an empirical test," European Journal of Political Economy, Elsevier, vol. 21(2), pages 301-324, June.
  5. Routledge, Bryan R. & von Amsberg, Joachim, 2003. "Social capital and growth," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 167-193, January.
  6. Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2004. "Social capital accumulation and the evolution of social partecipation," AICCON Working Papers 5-2004, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  7. Akcomak, Semih & ter Weel, Bas, 2006. "Social Capital, Innovation and Growth: Evidence from Europe," MERIT Working Papers 040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  8. Bruni, Luigino & Stanca, Luca, 2008. "Watching alone: Relational goods, television and happiness," Journal of Economic Behavior & Organization, Elsevier, vol. 65(3-4), pages 506-528, March.
  9. Labonne, Julien & Chase, Robert S., 2010. "A road to trust," Journal of Economic Behavior & Organization, Elsevier, vol. 74(3), pages 253-261, June.
  10. Paldam, Martin & Svendsen, Gert Tinggaard, 2000. "An essay on social capital: looking for the fire behind the smoke," European Journal of Political Economy, Elsevier, vol. 16(2), pages 339-366, June.
  11. Angelo Antoci & Pier Luigi Sacco & Paolo Vanin, 2001. "Economic Growth and Social Poverty: The Evolution of Social Participation," Bonn Econ Discussion Papers bgse13_2001, University of Bonn, Germany.
  12. Barry Wellman, 2001. "Physical Place and Cyberplace: The Rise of Personalized Networking," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 25(2), pages 227-252, 06.
  13. Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2008. "Participation, growth and social poverty: social capital in a homogeneous society," MPRA Paper 13661, University Library of Munich, Germany.
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Cited by:
  1. Fabio Sabatini & Francesca Modena & Ermanno Tortia, 2014. "Do cooperative enterprises create social trust?," Small Business Economics, Springer, vol. 42(3), pages 621-641, March.

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