Externalities in an endogenous growth model with social and natural capital
Models of economic growth are typically based on the use of one or more stocks of productive assets to create goods for utility-generating consumption. The roles played by man-made capital, natural capital, and human capital have been explored in the literature, and more recently the notion of social capital has been brought to the fore. This paper provides an attempt to construct an inclusive model of growth, analyzing externalities and distortions due to market failures linked with social capital and environmental problems.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- Thorvaldur Gylfason & Gylfi Zoega, 2006.
"Natural Resources and Economic Growth: The Role of Investment,"
The World Economy,
Wiley Blackwell, vol. 29(8), pages 1091-1115, 08.
- Gylfason, Thorvaldur & Zoega, Gylfi, 2001. "Natural Resources and Economic Growth: The Role of Investment," CEPR Discussion Papers 2743, C.E.P.R. Discussion Papers.
- Thorvaldur Gylfason & Gylfi Zoega, 2004. "Natural Resources and Economic Growth: The Role of Investment," DEGIT Conference Papers c009_011, DEGIT, Dynamics, Economic Growth, and International Trade.
- Thorvaldur Gylfason & Gylfi Zoega, 2001. "Natural Resources and Economic Growth: The Role of Investment," EPRU Working Paper Series 01-02, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Thorvaldur Gylfason & Gylfi Zoega, 2002. "Natural Resources And Economic Growth: The Role Of Investment," Working Papers Central Bank of Chile 142, Central Bank of Chile.
- José Manuel Madeira Belbute & João Rodrigues & Tiago Domingos & Pedro Conceição, 2003.
"Constraints on Dematerialisation and Allocation of Natural Capital along a Sustainable Growth Path,"
Economics Working Papers
1_2003, University of Évora, Department of Economics (Portugal).
- Rodrigues, João & Domingos, Tiago & Conceição, Pedro & Belbute, José, 2005. "Constraints on dematerialisation and allocation of natural capital along a sustainable growth path," Ecological Economics, Elsevier, vol. 54(4), pages 382-396, September.
- Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
- Sjoerd Beugelsdijk & Henri L.F. de Groot & Anton B.T.M. van Schaik, 2004. "Trust and economic growth: a robustness analysis," Oxford Economic Papers, Oxford University Press, vol. 56(1), pages 118-134, January.
- Owen, Ann L. & Videras, Julio, 2006. "Civic cooperation, pro-environment attitudes, and behavioral intentions," Ecological Economics, Elsevier, vol. 58(4), pages 814-829, July.
- Dinda, Soumyananda, 2006.
"Social Capital in the creation of Human Capital and Economic Growth: A Productive Consumption Approach,"
50586, University Library of Munich, Germany, revised 28 May 2007.
- Dinda, Soumyananda, 2008. "Social capital in the creation of human capital and economic growth: A productive consumption approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 2020-2033, October.
- Valeria Costantini & Salvatore Monni, 2006.
"Environment, Human Development and Economic Growth,"
2006.35, Fondazione Eni Enrico Mattei.
- Costantini, Valeria & Monni, Salvatore, 2008. "Environment, human development and economic growth," Ecological Economics, Elsevier, vol. 64(4), pages 867-880, February.
- Valeria Costantini & Salvatore Monni, 2006. "Environment, human development and economic growth," Departmental Working Papers of Economics - University 'Roma Tre' 0062, Department of Economics - University Roma Tre.
- Hartog,Joop & Maassen van den Brink,Henriëtte (ed.), 2007. "Human Capital," Cambridge Books, Cambridge University Press, number 9780521873161, November.
- Benno Torgler & Maria A. Garcia-Valiñas, 2005.
"The Determinants of Individuals’ Attitudes Towards Preventing Environmental Damage,"
2005.110, Fondazione Eni Enrico Mattei.
- Torgler, Benno & Garcia-Valinas, Maria A., 2007. "The determinants of individuals' attitudes towards preventing environmental damage," Ecological Economics, Elsevier, vol. 63(2-3), pages 536-552, August.
- Cole, Matthew A., 2007. "Corruption, income and the environment: An empirical analysis," Ecological Economics, Elsevier, vol. 62(3-4), pages 637-647, May.
- M. Fatih Guvenen, 2002.
"Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective,"
RCER Working Papers
491, University of Rochester - Center for Economic Research (RCER), revised Mar 2003.
- Guvenen, Fatih, 2006. "Reconciling conflicting evidence on the elasticity of intertemporal substitution: A macroeconomic perspective," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1451-1472, October.
- Fatih Guvenen, 2005. "Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," Macroeconomics 0507005, EconWPA.
- Kraev, Egor, 2002. "Stocks, flows and complementarity: formalizing a basic insight of ecological economics," Ecological Economics, Elsevier, vol. 43(2-3), pages 277-286, December.
- Heal, G., 1998. "Valuing the Future: Economic Theory and Sustainability," Papers 98-10, Columbia - Graduate School of Business.
- Song, Tao & Zheng, Tingguo & Tong, Lianjun, 2008. "An empirical test of the environmental Kuznets curve in China: A panel cointegration approach," China Economic Review, Elsevier, vol. 19(3), pages 381-392, September.
- Brunnschweiler, Christa N. & Bulte, Erwin H., 2008.
"The resource curse revisited and revised: A tale of paradoxes and red herrings,"
Journal of Environmental Economics and Management,
Elsevier, vol. 55(3), pages 248-264, May.
- Christa N. Brunnschweiler & Erwin H. Bulte, 2006. "The Resource Curse Revisited and Revised: A Tale of Paradoxes and Red Herrings," CER-ETH Economics working paper series 06/61, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Paul F. Whiteley, 2000. "Economic Growth and Social Capital," Political Studies, Political Studies Association, vol. 48(3), pages 443-466, 06.
- Pretty, Jules & Ward, Hugh, 2001. "Social Capital and the Environment," World Development, Elsevier, vol. 29(2), pages 209-227, February.
- Larry E. Jones & Rodolfo E. Manuelli & Henry E. Siu, 2000.
"Growth and business cycles,"
271, Federal Reserve Bank of Minneapolis.
- Alberto Bisin & Danilo Guaitoli, . "Social Capital, Modernization and Growth," UFAE and IAE Working Papers 545.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- AkbostancI, Elif & Türüt-AsIk, Serap & Tunç, G. Ipek, 2009. "The relationship between income and environment in Turkey: Is there an environmental Kuznets curve?," Energy Policy, Elsevier, vol. 37(3), pages 861-867, March.
- Roca, Jordi & Padilla, Emilio & Farre, Mariona & Galletto, Vittorio, 2001. "Economic growth and atmospheric pollution in Spain: discussing the environmental Kuznets curve hypothesis," Ecological Economics, Elsevier, vol. 39(1), pages 85-99, October.
- Xepapadeas, Anastasios, 2005. "Economic growth and the environment," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 23, pages 1219-1271 Elsevier.
- Tiago Neves Sequeira & Alexandra Ferreira-Lopes, 2008.
"An Endogenous Growth Model with Human and Social Capital Interactions,"
Working Papers Series 1
ercwp0908, ISCTE-IUL, Business Research Unit (BRU-IUL).
- Tiago Neves Sequeira & Alexandra Ferreira-Lopes, 2011. "An Endogenous Growth Model with Human and Social Capital Interactions," Review of Social Economy, Taylor & Francis Journals, vol. 69(4), pages 465-493, December.
- England, Richard W., 2000. "Natural capital and the theory of economic growth," Ecological Economics, Elsevier, vol. 34(3), pages 425-431, September.
- George Economides & Apostolis Philippopoulos, 2008. "Growth enhancing policy is the means to sustain the environment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(1), pages 207-219, January.
- Arnold, Lutz G., 2000. "Endogenous growth with physical capital, human capital and product variety: A comment," European Economic Review, Elsevier, vol. 44(8), pages 1599-1605, August.
- Jordi Roca & Emilio Padilla & Mariona Farré & Vittorio Galletto, 2001. "Economic growth and atmospheric pollution in Spain: discussing the environmental Kuznets curve by hypothesis," Working Papers wp0101, Department of Applied Economics at Universitat Autonoma of Barcelona.
- Ehrlich, Paul R. & Wolff, Gary & Daily, Gretchen C. & Hughes, Jennifer B. & Daily, Scott & Dalton, Michael & Goulder, Lawrence, 1999. "Knowledge and the environment," Ecological Economics, Elsevier, vol. 30(2), pages 267-284, August.
- 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.
- Partha Dasgupta, 2008. "Nature in Economics," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(1), pages 1-7, January.
- Chou, Yuan K., 2006. "Three simple models of social capital and economic growth," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(5), pages 889-912, October.
- Jonathan Temple & Paul A. Johnson, 1998. "Social Capability and Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 113(3), pages 965-990.
- Comolli, Paul, 2006. "Sustainability and growth when manufactured capital and natural capital are not substitutable," Ecological Economics, Elsevier, vol. 60(1), pages 157-167, November.
- Smulders, J.A., 2005. "Endogenous technological change, natural resources and growth," Other publications TiSEM d6e27500-7604-420f-9961-4, Tilburg University, School of Economics and Management.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:69:y:2010:i:3:p:603-612. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.