A simplified endogenous economic growth model with social capital: Evidence for Ecuador

Carlos Andres Moreno-Hurtado, Diego Ochoa-Jiménez and Gonzalo Leonardo Izuierdo-Montoya

Business and Economic Horizons (BEH), 2018, vol. 14, issue 2

Abstract: The paper presents a simplified economic growth model with social capital, as an alternative for sustained long-term growth. The intuition behind the model suggests its application for developing economies that historically have focused their attention on the accumulation of physical capital and not on endogenous factors such as human capital and social capital. The model is considered as a Cobb-Douglas production function that includes three types of capital: physical, human and social. From the model, we obtain evidence from estimates for the Ecuadorian economy in the period 1980-2015, which underlie the main endogenous sources regarding physical capital. As a result, some policy implications are highlighted.

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2018
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Journal Article: A simplified endogenous economic growth model with social capital: Evidence for Ecuador (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pdcbeh:285150

DOI: 10.22004/ag.econ.285150

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