Economic Growth, Technological Progress and Social Capital: The Inverted U Hypothesis

31 Pages Posted: 6 Jun 2013

See all articles by Angelo Antoci

Angelo Antoci

University of Sassari

Fabio Sabatini

Sapienza University of Rome - Department of Economics and Law; Euricse

Mauro Sodini

Dipartimento di Statistica e Matematica Applicata all’Economia, Università di Pisa

Date Written: July 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.

Suggested Citation

Antoci, Angelo and Sabatini, Fabio and Sodini, Mauro, Economic Growth, Technological Progress and Social Capital: The Inverted U Hypothesis (July 2013). Metroeconomica, Vol. 64, Issue 3, pp. 401-431, 2013, Available at SSRN: https://ssrn.com/abstract=2275120 or http://dx.doi.org/10.1111/meca.12007

Angelo Antoci

University of Sassari ( email )

Piazza Universita
Sassari, 07100
Italy

Fabio Sabatini

Sapienza University of Rome - Department of Economics and Law ( email )

Piazzale Aldo Moro 5
Roma, Rome 00185
Italy

Euricse ( email )

Via S. Giovanni 36
38122 Trento (TN)
Italy

Mauro Sodini

Dipartimento di Statistica e Matematica Applicata all’Economia, Università di Pisa ( email )

Piazza Arbarello, 8
Turin, I-10122
Italy

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