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Economic Growth, Technical Progress, and Social Capital: the Inverted U Hypothesis

  • Antoci, Angelo
  • Sabatini, Fabio
  • Sodini, Mauro

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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File URL: http://mpra.ub.uni-muenchen.de/30326/1/MPRA_paper_30326.pdf
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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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  1. Hirschman, Albert O, 1982. "Rival Interpretations of Market Society: Civilizing, Destructive, or Feeble?," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1463-84, December.
  2. Paldam, Martin & Svendsen, Gert Tinggaard, 2000. "An essay on social capital: looking for the fire behind the smoke," European Journal of Political Economy, Elsevier, vol. 16(2), pages 339-366, June.
  3. Bruni, Luigino & Stanca, Luca, 2008. "Watching alone: Relational goods, television and happiness," Journal of Economic Behavior & Organization, Elsevier, vol. 65(3-4), pages 506-528, March.
  4. Angelo Antoci & Fabio Sabatini & Mauro Sodini, 2010. "The Solaria Syndrome: Social Capital in a Growing Hyper-technological Economy," Working Papers 2010.100, Fondazione Eni Enrico Mattei.
  5. 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).
  6. Beugelsdijk, Sjoerd & van Schaik, Ton, 2005. "Social capital and growth in European regions: an empirical test," European Journal of Political Economy, Elsevier, vol. 21(2), pages 301-324, June.
  7. Corneo, Giacomo, 2002. "Work and Television," CEPR Discussion Papers 3373, C.E.P.R. Discussion Papers.
  8. Routledge, Bryan R. & von Amsberg, Joachim, 2003. "Social capital and growth," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 167-193, January.
  9. Lisa Schur, 2003. "Employment and the Creation of an Active Citizenry," British Journal of Industrial Relations, London School of Economics, vol. 41(4), pages 751-771, December.
  10. Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2004. "Social capital accumulation and the evolution of social partecipation," AICCON Working Papers 5-2004, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  11. Angelo Antoci & Pier Luigi Sacco & Paolo Vanin, 2001. "Economic Growth and Social Poverty: The Evolution of Social Participation," Bonn Econ Discussion Papers bgse13_2001, University of Bonn, Germany.
  12. Knack, Stephen & Keefer, Philip, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1251-88, November.
  13. Labonne, Julien & Chase, Robert S., 2010. "A road to trust," Journal of Economic Behavior & Organization, Elsevier, vol. 74(3), pages 253-261, June.
  14. Barry Wellman, 2001. "Physical Place and Cyberplace: The Rise of Personalized Networking," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 25(2), pages 227-252, 06.
  15. 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.
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