Human and cultural capital complementarities and externalities in economic growth

Alberto Bucci () and Giovanna Segre ()

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: The aim of this paper is to investigate the role of culture, viewed according to Throsby’s definition of cultural capital (that is, an asset of tangible and intangible cultural expressions), in fostering economic growth. Recent literature in the field of cultural economics highlights a possible inversion of the usual causality relation, and culture can be seen as one of the engine of economic wealth. In this article we analyze one possible channel through which it may occur: human capital investment. Using a two-sectors endogenous growth model, the relation between cultural and human capital is deeply investigated.

Keywords: Economic growth; culture; human capital; complementarities; externalities (search for similar items in EconPapers)
JEL-codes: J24 O40 O41 Z10 (search for similar items in EconPapers)
Date: 2009-02-07
New Economics Papers: this item is included in nep-cul, nep-dev, nep-fdg, nep-hrm and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2009-05

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