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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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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. 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.
  2. Angelo Antoci & Fabio Sabatini & Mauro Sodini, 2010. "The Solaria Syndrome: Social Capital in a Growing Hyper-technological Economy," Working Papers, Fondazione Eni Enrico Mattei 2010.100, Fondazione Eni Enrico Mattei.
  3. 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).
  4. Corneo, Giacomo, 2005. "Work and television," European Journal of Political Economy, Elsevier, Elsevier, vol. 21(1), pages 99-113, March.
  5. Labonne, Julien & Chase, Robert S., 2010. "A road to trust," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 74(3), pages 253-261, June.
  6. Luigino Bruni & Luca Stanca, 2005. "Watching alone: Relational Goods, Television and Happiness," Working Papers, University of Milano-Bicocca, Department of Economics 90, University of Milano-Bicocca, Department of Economics, revised Jun 2005.
  7. Lisa Schur, 2003. "Employment and the Creation of an Active Citizenry," British Journal of Industrial Relations, London School of Economics, London School of Economics, vol. 41(4), pages 751-771, December.
  8. Hirschman, Albert O, 1982. "Rival Interpretations of Market Society: Civilizing, Destructive, or Feeble?," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 20(4), pages 1463-84, December.
  9. Barry Wellman, 2001. "Physical Place and Cyberplace: The Rise of Personalized Networking," International Journal of Urban and Regional Research, Wiley Blackwell, Wiley Blackwell, vol. 25(2), pages 227-252, 06.
  10. Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2007. "Social capital accumulation and the evolution of social participation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 36(1), pages 128-143, February.
  11. Knack, Stephen & Keefer, Philip, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 112(4), pages 1251-88, November.
  12. Angelo Antoci & Pier Luigi Sacco & Paolo Vanin, 2001. "Economic Growth and Social Poverty: The Evolution of Social Participation," Bonn Econ Discussion Papers, University of Bonn, Germany bgse13_2001, University of Bonn, Germany.
  13. Paldam, Martin & Svendsen, Gert Tinggaard, 2000. "An essay on social capital: looking for the fire behind the smoke," European Journal of Political Economy, Elsevier, Elsevier, vol. 16(2), pages 339-366, June.
  14. Routledge, Bryan R. & von Amsberg, Joachim, 2003. "Social capital and growth," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(1), pages 167-193, January.
  15. Beugelsdijk, Sjoerd & van Schaik, Ton, 2005. "Social capital and growth in European regions: an empirical test," European Journal of Political Economy, Elsevier, Elsevier, vol. 21(2), pages 301-324, June.
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Cited by:
  1. Fabio Sabatini & Francesca Modena & Ermanno Tortia, 2014. "Do cooperative enterprises create social trust?," Small Business Economics, Springer, Springer, vol. 42(3), pages 621-641, March.

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