A Model Explaining the Relationship between Economic Growth and Social Capital
This paper presents a growth model that incorporates the social capital as a growth determinant. Social capital enters the model through its potential reduction in the risk perceived by agents, when making investments decisions. The key feature of the model is that firms pursue an inter-temporal optimisation, so that their current decisions affect their future productivity. Consequently, technological investiments become a rational decision, in which social capital becomes a relevant parameter affecting it. The model shows that the higher the social capital, the higher is the equilibrium growth rate.
|Date of creation:||2011|
|Date of revision:||2011|
|Contact details of provider:|| Postal: Rua Luis Guimaraes, no 207, Poco de Panela, Recife/PE|
Phone: +55 (081) 3267 1500
Fax: +55 (081) 3267 1512
Web page: http://18.104.22.168/
More information through EDIRC
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.:
- DE LA CROIX, David & DOEPKE, Matthias, 2001.
"Inequality and Growth : Why Differential Fertility Matters,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
2001008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- David de la Croix & Matthias Doepke, 2003. "Inequality and Growth: Why Differential Fertility Matters," American Economic Review, American Economic Association, vol. 93(4), pages 1091-1113, September.
- DE LA CROIX, David & DOEPKE, Matthias, . "Inequality and growth: why differential fertility matters," CORE Discussion Papers RP 1676, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- David de la Croix & Matthias Doepke, 2001. "Inequality and Growth: Why Differential Fertility Matters," UCLA Economics Working Papers 803, UCLA Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:dtm:wpaper:58. 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: (Mirelle Queiroz)
If references are entirely missing, you can add them using this form.