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Contacts, Social Capital and Market Institutions - A Theory of Development

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  • Paul Frijters
  • Dirk Bezemer
  • Uwe Dulleck

    (School of Economics and Finance, Queensland University of Technology)

Abstract

We propose an endogenous growth model, that incorporates both an individual and a communal aspect of Social Capital. In our model, output increases with the stock of business contacts (Relational Capital as one aspect of Social Capital). The modelling of contact creation is based on matching theory. The cost of creating contacts decreases with more Community level Social Capital and Market Institutions.

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File URL: http://www.bus.qut.edu.au/paulfrijters/documents/scp04may05.pdf
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Bibliographic Info

Paper provided by School of Economics and Finance, Queensland University of Technology in its series Paul Frijters Discussion Papers with number 2005-1.

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Date of creation: 15 Jun 2005
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Handle: RePEc:qut:pfrijt:2005-1

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Web page: http://www.bus.qut.edu.au/faculty/economics/
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Keywords: Social Capital; Endogenous Growth; Relational Capital; Development; Economic Systems;

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Cited by:
  1. Dirk J Bezemer & Uwe Dulleck & Paul Frijters, 2004. "Social Capital, Creative Destruction and Economic Growth," School of Economics and Finance Discussion Papers and Working Papers Series 186a, School of Economics and Finance, Queensland University of Technology.
  2. Bezemer, Dirk & Dulleck, Uwe & Frijters, Paul, 2005. "Social Capital, Creative Destruction and Economic Development," Research Report 05C09, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

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