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

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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Year of publication:	2011-04-15
Authors:	Antoci, Angelo ; Sabatini, Fabio ; Sodini, Mauro
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Social capital \| technological progress \| economic growth \| social interactions

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O11 - Macroeconomic Analyses of Economic Development ; J22 - Time Allocation and Labor Supply ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; Z13 - Social Norms and Social Capital ; O12 - Microeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009001209