Participation, growth and social poverty: social capital in a homogeneous society
Pier Luigi Sacco and
Paolo Vanin ()
MPRA Paper from University Library of Munich, Germany
We introduce social capital accumulation into a neoclassical model, showing how it differs from physical and human capital accumulation. We take the view that social capital is crucial to the enjoyment of socially provided goods and that it is mainly accumulated by means of participation to social activities. Under-investment in social capital maylead a growing economy to fall into a social poverty trap. We argue that this risk is particularly relevant for advanced societies.
Keywords: Social capital; self-protection choices; social poverty traps (search for similar items in EconPapers)
JEL-codes: D62 I31 J22 D64 Z13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13661
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