We set up a theoretical framework to analyse the role of economic growth and technological progress in the erosion of social capital. Under certain conditions on parameters, the relationship between technological progress and social capital can take the shape of an inverted U curve. Furthermore, we show the circumstances that allow the economy to follow trajectories where the stock of social capital grows endogenously and unboundedly.
Economic Growth, Technological Progress and Social Capital: The Inverted U Hypothesis / Angelo, Antoci; Sabatini, Fabio; Mauro, Sodini. - In: METROECONOMICA. - ISSN 0026-1386. - STAMPA. - 64:3(2013), pp. 401-431. [10.1111/meca.12007]
Economic Growth, Technological Progress and Social Capital: The Inverted U Hypothesis
SABATINI, FABIO;
2013
Abstract
We set up a theoretical framework to analyse the role of economic growth and technological progress in the erosion of social capital. Under certain conditions on parameters, the relationship between technological progress and social capital can take the shape of an inverted U curve. Furthermore, we show the circumstances that allow the economy to follow trajectories where the stock of social capital grows endogenously and unboundedly.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
