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Economic growth, technological progress and social capital: the inverted U hypothesis. (English) Zbl 1283.91096
Summary: 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.

91B40 Labor market, contracts (MSC2010)
91B38 Production theory, theory of the firm
91B52 Special types of economic equilibria
91B62 Economic growth models
Full Text: DOI
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