Economic Growth, Technological Progress and Social Capital: The Inverted U Hypothesis
We 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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Volume (Year): 64 (2013)
Issue (Month): 3 (07)
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References listed on IDEAS
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- 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.
- 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).
- 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).
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